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The rise will come when no one expects it, not when interest rates come, that's already baked in, all the guff stated on here means nothing, including what I say. No one knows, and that is a fact
Just need to hold for a while and it will come good imo
It'll go lower imo, I'll consider adding more if it hits about £1.15
Bit obvious that is it not Jim
Nope, from the outset it's always been a long term hold for me, there is always the chance of a bid and I'd rather not risk being out of metro if this happens
Who knows, if you check my posts though you'll see I said the shareprice would fall back to £1.40 following results and also said that in my opinion it will float between £1 and £1.40 for some time yet. Long term hold
Oh look, exactly where I said metro would go to post results, just need to see a wee short reduction from odey and my prediction is spot on
At least the suggestion of buy backs and dividends can be completely dismissed. I do wonder what the next ridiculous suggestion will be.
Imo it's quite simple with metro, hold for around 2 years for the chance of decent returns from here. As it stands the bank is only worth its current valuation give or take a bit. I've read all the fantasy stories about real valuations being much greater than current market cap, nonsense. As for some or the bigger banks acquiring metro because they're a challenger to the big banks, metro are not and never will be a real challenger to the big banks.
I thought the market was convinced Jim? Still heading for £2 by the end of the year?, a rate rise isn't going to move this up as the risk increases with any rate rise
Edging towards the £1.40 I mentioned yesterday, pretty accurate again imo
Results as expected, which in metros case isn't a bad thing.
My prediction for tomorrow, results will demonstrate further progress, metro will still show a loss for the last year, commentary will refer to a fragile economy and increased risk of defaults due to Increasing rates, results will not drive odey to massively reduce their short holding (maybe 0.25%), by the end of the day the SP will be around the £1.40 mark, pure guess work but let's see.
If I am right about what lol?
Bold statement jimjam, what makes you say the market is convinced? SP would surely be much higher than it is now if so?
Absolutely yuri
So yet again we've seen some crazy rampers on here proven wrong, but hey what do I know, I must be a shorter!!!
Don't point to reality pat2014, you'll get called a shorter lol
So firstly the valuation of metro post IPO is best completely ignored, the money wasn't raised in the normal way and valuation was based on the influx of money from original investors, many who have now deserted metro. Even though the valuation was ridiculous it at the time it could at least point towards being a bank who may get more of a foothold in the UK market and challenge the bigger banks being the first new bank to open new High Street banks in about 100 years. That promise is long gone, they've reduced branch openings below the number promised, they've suffered accounting scandals, theyve gone through share dilution, they've been loss making more often than profit generating, the founders been removed with scandals about money being spent on his wife's business to do up metro bank branches, there are green shoots of recovery though so it's a recovery play and long term hold. Hope that helps and paints a true picture for you.
The plan is already well established and bearing fruit, I'll be amazed if metro is in profit though, fully expecting metro to still have made a loss overall, as previously stated. Just need some tweaks here and there to take advantage of new opportunities that improve visibility in the marketplace and profitability.