Member Info for bigsmoke

“15 June 2020: Metro Bank PLC (the "Company") notes the recent press speculation regarding a potential acquisition of Retail Money Market LTD and its subsidiaries ("RateSetter"). The Company regularly assesses various opportunities in the market and accordingly confirms that it has entered in to a period of exclusivity with RateSetter, but discussions regarding the potential acquisition are at an early stage.



RateSetter is a UK focused peer-to-peer lender whose distribution platform could accelerate the Company's stated strategy to grow its unsecured consumer lending book.



There can be no certainty at this stage that a formal agreement will be reached, nor as to the terms of any agreement. A further announcement will be made if and when appropriate.”

Response to press speculation

Carpe Diem

Got t’s (likely deramp) theory in time to be utterly debunked

Boooooomtime

See point 5 and 15 in my Sun 13.40 post below

This is part of the JPM plan? UK banking licence and flexible big digital move?

" ...companies can also take more technical forms of action to dissuade market participants from shorting their stock. For example, a firm could ask existing shareholders to withdraw their physical shares from the stock lending market – as mentioned, this would lead to the early closure of many short positions and could force short-sellers to settle for an unfavourable price. " [source: IG]

1. market cap - £180m.
2. x0.11 book value.
3. "fortress balance sheet" - securitised and low LTV.
4. Top flight customer service.
5. Recent service innovations and digital partnerships.
6. Staff recented rewarded / incentivised.
7. Recent BOD buys.
8. very quiet BOD / comms dept.
9. Tight-lipped press.
10. FCA investigation over a year old. Press claim dragging heals.
11. BBL / CIBLS accredited + "generally expected" brokers to qualify for IRB (per CEO = c. £2 on SP)
12. Slow accumulation by sector expert billionnaires and funds.
13. Wild fluctuations of "net" short positions.
14. Unprecedented volumes last week.
15. news due on UK market penetration by US titans (JPM (who poached Metro IT) with UK offering) and Marcus limits.

not even the derampers matlot forecast.

tumbleweed

"Maybe because it’s the weekend and he’s got better things to do."
ha ha ha - funniest post in ages. For nine months he has been the no.1 poster on this BB. Every day, all day, bar the family funeral - claming up now ???????????????????????? or should it be closing up?

T - why the silence?

Maybe a bit too soon.
Need to figure Metro out first

If PIs pulled together and started some activism

Come on, don’t be shy.
Don’t be shy now, don’t be shy.

Nov - you continue to underestimate.

Nice spot, matlot.
Another dot to blot,
And get shot.

Achieved or waived? If the latter, why?

Give us your theory