Member Info for forfaiter

Took my profits from £1.25.....137 a strong resistance but if it breaks it next level is 1.45.......to much debt for my liking for a long term hold even with the dividend......

Up tomorrow.....strong finish on the nasdaq......

I agree about the cost cutting but what I don,t understand is why metro is going ahead with opening more branches?.....i would rather see them bunker down and cut costs across the board.....

OSB report next Thursday and it will be interesting to see how they have fared during the crisis as they have a similar revenue to metro of 350m but with profits of 209m last year,,,,,,,,,,but look at their market cap 2 billion........its all down to profitability to get that valuation....now if metro can sort out that issue ......it shows the potential for the stock even despite the shorters!!.....plenty of time to get back in if they do show progress...imo

Finished at equivalent price of £136,7....have a nice weekend....

Short no doubt?........it is not just the cash raised by the flotation ......but the value put on the new company by the flotation.....could be more than punters are expecting......

I understand that .....but a dividend of 8% plus in this low interest rate environment is ambitious even for the big investors.......a more realistic dividend is 4% and a share price 30% higher...imo Plus as the announcement earlier in the year alluding to a return to growth which will get better as the economy recovers....

"Sharecast News) - Vodafone said it was confident about the full-year outlook after its German business drove a return to organic growth in the third quarter.
Organic service revenue rose 0.4% in the three months to the end of December to €9.36bn (£8.3bn) compared with a 0.4% drop in the previous quarter. Organic service revenue rose 1% to €2.91bn in Germany, the FTSE 100 telecoms group said in an update."

What a ridiculous analogy......dropping the share price to increase the dividend......some desperate shorters out there....with the imminent float this is only going one way and that is up....... imo

Takeover is the only way out for metro imo........they need to replace the profit lost from selling the mortgage book quickly......cashed in my profits from 59p....GLA

Metro Bank enters insurance market with SME product
By Gary Adams 22nd February 2021 1:09 pm
Metro Bank is offering insurance products for small and medium sized enterprises as its first move into the insurance arena.

In partnership with Churchill Expert, the bank is offering seven new products across 11 industries, including residential and commercial property owners.

Other industries covered comprise tradespeople, professionals, shop and retail, office and surgery, manufacturing and wholesale (which includes hotel and leisure) and businesses from home.

The lender says that customers are able to apply over the phone or the Metrobank website while existing customers can apply though their online banking platform.

Direct Line Group director of affinity and aggregator Ian Exworth comments: “We are happy and excited to launch our new Churchill Expert partnership with Metro Bank and look forward to bringing the very best in SME insurance to Metro Bank business customers.

“With new needs and requirements emanating from the pandemic-affected last 12 months, we look forward to working with Metro Bank to continue to develop our product suite to best fit the evolving needs of SMEs.”

Metro Bank director of customer experience Kat Robinson says: “We’re thrilled to launch into the SME insurance market with Churchill Expert after what’s been a very difficult year for businesses across the country.”

By Gary Adams 22nd February 2021 1:09 pm
COMMERCIAL LENDERS PRODUCTS SPECIALIST NEWS
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I agree patience is needed..... we are already up 130 % from recent lows... its going to take another year or so before we see £3 plus........imo

Well they found 400m to buy ratesetter loans ........where did that come from?

More likely metro will do the buying......they have the funds...imo

I am not interested in what it has done in the past......new management ...new era.....

You worry about the shorters far to much they are part of the share price.... making on the retracements... but remember we have risen from 58p and the share chart is positive...nothing goes up in a straight line....

And when covid is controlled banks will flourish......bbc news extract

"Prime Minister Boris Johnson says he is "optimistic" people will be able to have summer holidays this year - but it depends on certain things going well.

Asked about tourism in the UK, he said he did not want to give "concrete" dates for such trips but would set out more details on 22 February.

The success of the vaccine rollout and level of Covid cases would be factors taken into consideration, he added.

Nearly 9.3 million people in the UK have had their first dose of a vaccine."

Fact......NAV over £7.....

Sainsbury and metro combined would have around 4m customers....VMUK has 6 m customers and a market cap of 1.8b.....giving a ratio valuation of 1.2b.....and a share price of £7 for metro/sainsbury........

Sold out looking to buy back in cheaper..... ?

90% of covid deaths are in the over 65 category ...So vaccinating this group foremost would take a lot of pressure of the NHS.....wether the younger generation decide not to take the vaccine is not a problem as long as the older groups are protected and have the vaccine which... imo ....most will...