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Need to deliver a profit before being taxed on it!!!!
Liz truss and kwasi kwarteng did it, clueless
And there you have it, further confirmation that increasing rates not impacting share price at this stage. Definitely a minimum 0.5% increase coming, on top of the previous increases and its not made a blind bit of difference. I'd be frustrated the price hasn't increased accordingly if I hadn't expected it, but I did. Long term hold for any decent returns
if increasing rates were going to make a difference to the share price it'd have increased by now
General trading, was pushed down recently to allow a sizeable director buy. Key is look at where most recent director buys average out around, their holdings are around the current value, this will be a slow burner, significant gains will be at least 12 months away imho
Nice director buy, beginning to feel like the tide is turning
Edging slowly back to what is a reasonable share price all things considered, we shall see
Lol
Strange beast is metro, share price gets worse as things start to improve, go figure
Obviously the results in terms of still running at a loss isn't great but all anyone can expect from metro at this stage is to see some progress, this progress is gaining more momentum as time passes, therefore these are decent results all things considered, I hold metro shares on the basis of what they may look like 3 years from now, not what they are now and the results this morning make me more comfortable with that thought process
Excellent progress
Depends what your view of positive is, if you're expecting metro to be in profit then forget it and the update will be negative, if you're expecting losses to still be substantial but to have reduced by a larger percentage than they were during previous results then it could be viewed positively by the market. I'm just glad all the rampers of old have left and taken their nonsense chat with them
It's going up because it was higher in the last 3 or 4 months then dropped quickly, oh and there's a shock, it's dropping back again
Metro will still make heavy losses but losses will have reduced, the cost of running their branches will have increased massively and they sold off a large mortgage book which will have been nowhere near replaced with recent new mortgages, therefore they'll have lost a great deal of income they would have had, not only from the mortgages themselves but also from rising interest rates, profit is 3 years away minimum imo
Why the excitement, its lower than it was last month and we'll down on where it was about 6 months ago
Investor6, you said you had moved to starling from metro and were no longer invested having sold all your shares, so why the interest in still posting here?
That's some number of shares you held in metro, did you have 770,000 shares from launch of the IPO or did you accumulate them over time? What was your average when you sold out?
For example this reads alot better than previous articles re results in recent times, it will generally be reported this way in the press today https://www.reuters.com/business/finance/metro-bank-posts-smaller-annual-loss-turnaround-gathers-pace-2022-02-23/
My guess is the share price will rise and fall between 95p and £1.10 in the next few weeks
They're not poor results considering where the bank were against previous results. The path to profitability is improving.