Member Info for forfaiter

So we have the CEO buying in and GS upping its stake .....looking positive going forward !

Looks like GS has changed its stance?......nothing personal just business!

Yes the technicals are elevated.......but the stock is being rerated to what level remains to bee seen.....its been oversold for years...so it is fair to say it could quite easily be overbought for the same period,,,,,,the key reversal to the downtrend was breaking 96p,,,,,sentiment and momentum has changed ......trade or short this at your peril.....imho

VMUK is valued at £2 billion with total assets of 90 billion and is loss making.

Metro has total assets of 22 billion with a valuation of just under 200m.

Put metro on a similar ratio and you have a mkt cap of 500m or £3 a share!

Extract from the times article on Saturday....a deal to be done ?

"Lenders including Natwest, Lloyds and Metro Bank are interested in buying Sainsbury’s Bank from its supermarket parent.

An acquisition of the bank, which has two million customers, could form part of a jigsaw of potential deals that would make a decisive impact on Britain’s banking landscape."

So what you are saying is .....there will be a rights issue at a price that is less than the price the CEO recently paid for his shares?...why do you think they have the new deal maker on board?.....one thing bankers are good at is making deals.....

Sainsbury paid 260m in 2013 for a 50% stake with lloyds which valued the bank at £520 m 7 years ago.....whats todays valuation? surely not less now they have around 2 million customers......add on metros customer base and you could be looking at a joint valuation of say 1 billion or £6 per share.......for the combined companies......food for thought with the current share price of 86p........imho

Yes...three long candles ....very bullish....could have enough gas on this move to reach a quid ?

Banks in the US have had their best day since March......

.....on the upside...... target 7000 ....metro to follow.......imho

Virgin money has a mkt cap valuation of over 12 times that of metro at 1.5 billion...metro 120m
Virgin money has a total assests valuation of 90 billion....metro has a total assets valuation of 22 billion
Metro is loss making so is virgin!

To put them on a similar ratio of mkt cap to total assets for a rough comparable valuation...... values metro at £350 to £400m or over £2.00 a share at covid levels.

If there was short covering then it probably was private punters not the hedge funds imho.....not to say they wont cover in the near future....

Strong finish and strong day even without shorts covering!

The share price at this level has factored in a dilution of some sorts.......the share purchases throw this assumption out of the window..... a fair valuation imho at this point in time is around £1.80 to £2.00.....with a recovering market and a vaccine then a value of around £500M or £3.000 a share imho

To buy and quickly....this could run away from them ?

They were looking for an exit around 40p....especially the IG brigade who went short around result time......the RNS was late in the day .....could be very interesting first thing tomorrow......

Dow up .....Ftse to follow? if it does and breaks out..... target 7000 over the next few months....metro will follow...could be good timing on the share purchases which send a strong message imho

Will the FTSE break out on the upside? if it does then metro will follow......plenty of shorters posting today....

What was the market cap in 2018?......

The recent results from the big banks shows they are coping with covid better than expected .....another month of lock down will not make much difference imho.....especially with a vaccine on the way sooner than later.....