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Bank share prices normally reflect the state of the economy and currently the UK is in an almighty mess which ain't going to be resolved anytime soon
In my uninformed humble opinion I can see the share price reaching somewhere around the £3 mark within 3 years
That's true but have a look back at my historical comments and you'll see they're actually pretty accurate
Look back on these comments in 2 weeks and you'll see who should be ignored on this forum and who shouldn't, have a nice day
Lol as per usual rampers will ramp, this ain't hitting £1.30 when a rate rise is announced because its already known that a rate rise is coming, therefore sadly for the rampers out there the rate rise is already baked in to the current share price, some of the nonsense on here is laughable
The rampers will ramp, £2 to £3 in the next few weeks is completely laughable, maybe in the next 2-3 years yes that is achievable
Absolutely kidding yourself if you think this goes to £2-£3 in the next few weeks lol, be lucky if it gets to £1.30 by the next trading statement
metro being £8 has absolutely no relevance to now, that value was when sentiment around the bank was great, it was in profit, opening new branches, had no governance issues etc etc etc, add to that initial value that was set on the bank was utter nonsense because of the way money was raised, ie not via the traditional IPO way of raising money. Best to forget about historical value, its an absolute red herring
Watch out, here come the rampers, out of nowhere as per usual
Sentiment
All I'm looking for from metro is a nice steady rise over time in line with good results. I jumped in initially around the £3 mark thinking I was getting a bargain then bought on the way down, still underwater with it but more confident than I've ever been in the board. Who knows, in 2 or 3 years time the initial investment around the £3 mark may actually look to have been a shrewed investment.
Good news on the conclusion of the FCA investigation, onwards and upwards
However at least the bank looks like its now on its way to sustainable profitability
Odey has reduced to less than his current short position in the past before increasing his short again. Likely why no one's really bothering as we've been here before and it hasn't made a blind bit of difference
Let me rephrase that...Fair enough but you just need to ask yourself, with all these increased rates coming, meaning more profit for the Bank and all the good things that go with that, why is the share price still less than this time last month, at which time there was no expectation that the bank would be ahead of expectations as of results day yesterday and no knowledge of a 0.75 increase in interest rate???
Fair enough but you just need to as yourself, with all these increased rates coming, meaning more profit for the Bank and all the good things that go with that, what is the share price still less than this time last month, at which time there was no expectation that the bank would be ahead of expectations as of results day yesterday???
It seems that metro will only make decent gains when the economy improves, and that's a long way off
Might have more of a short position v long though
That lot won't be back, not unless there's a good shorting opportunity and they can post their hugely positive posts to try and entice people into buying knowing fine will the only way is down, out the other side of that now by the look of it
Got to laugh at how the SP was taken down from the current levels around a month ago then make it look like there's a big increase on SP. The SP should now be £1 at the very least but as per usual those not in the know get shafted by the markets, really good results, onwards and upwards and hopefully the share price begins to climb to a more reasonable level.