Member Info for FrankyS1971

My suggestion was to be bold and sell on the spikes even if you are at a loss and buy back on the falls. Not easy but only real strategy to average down without chucking good money after bad. What we do know is that any future bid which will be months away, is unlikely to be over 3.50. The risk profile ain't good enough to command it

Good to see you lot getting a bump up finally! Would it better to buy the whole of Metro or just the most profitable books of business? That said, there must surely be lots of synergies and economies of scale here. The Ops of maturer Banks probably run far more efficiently than Metro so would help to get the costs down. On the other side the integration costs and a load more expensive branches to maintain at the end so will be very interesting to see if there really is an offer and what a bidder is prepared to put in. Unless its cheap it may not be worth the risk!

What's the point of an amazing customer experience when your cost to serve is through the roof?? There is little cash for things like AI and robotics. Mostly metro bank is doing proof of concept stuff and dabbling in these important areas. On the other hand the app based banks have vast amounts of income to outsmart traditional banks. Monzo. Founded 4/5 yrs ago and already over 1m customers!! Wakey wakey folks..you re holding out for a dead bank walking. Fine it might take 3-5 years to become obvious but like a recession..you don t know for sure yer in one until all the lights flash red. By which time it's too late.

1. The strategy of the Bank is to grow its retail presence and branch network.
2. This has made the expenses and operations of the Bank at the very top end of its peers.
3. Digital Banks with none of the expenses and cost of running shiny branches are growing at an amazing and far faster rate

Conclusion - the strategy isn't working. The Bank is not profitable. Compared to peers in the Banking sector, there are better bets as an investor. So until there is a radical shift in the strategy and a direction that the city can fully get behind, it is very unlikely to go anywhere.

Customer Experience is great but whats the point if as a business, the cost to serve is too high to yield a decent return.

Well this is where you are mistaken as I have been in the past. Who is going to offer £5 a share when the current SP is less than HALF?!?!! Crispin Odey will drive the price down along with his cohorts and you might see the SP + a small premium. Back to £1.60-170 and maybe you'll get 2.80-3.20. one day. Very nice for the guys at the bottom and for whoever buys the business but not for existing shareholders. And as for people thinking big Vern is going to buy the business...he just got drummed out of town and the FCA won't approve him as a fit and proper director after what's happened. not a chance.

I wouldn't t touch metro. I don t care about anything other than risk. You clearly don t get how rapidly risk can deteriorate especially for Banks. No brexit clarity. False accounting investigation and also late cycle with economic headwinds on way. Wake up. The numbers matter not. If the FCA give metro a tick and brexit lands ok and the economy just flat lines with modest growth you will see a slow cautious recover into 2020 but its utterly bonkers thinking this is gonna 'bounce' etc. No one is going to buy metro with brexit in play. Obvs.

The price won t recover until Brexit risks are fully mitgated. Shorts will have the day. If price isn't t bouncing up aggressively after results then logic dictates that risk is on downside quite heavily IMO. Price will be barely up by end of play.

Align Research & a director of Align Research own shares in Metro Bank and are bound to Align Research’s company dealing policy ensuring open and adequate disclosure. Full details can be found on our website here (“Legals”).

Nothing in this report should be construed as advice, an offer, or the solicitation of an offer to buy or sell securities by us.

Dreamers.

Yes it was a nice bit of shafting by Mark Bristow and some tasty back handers involved without doubt. I can t see barrick moving more than what ..2-3%??

Yes it was a nice bit of shafting by Mark Bristow and some tasty back handers involved without doubt. I can t see barrick moving more than what ..2-3%??

It's to me earth shattering bonkers that people think that somehow the shorters just short cos they can and are manipulative and exist to defraud people like a grand stitch up?? Seriousssly?? The reason this share continues to underperform is owing to an absence of any meaningful buyers. There is no demand for these shares in relation to short sellers who believe that the price will continue to weaken in the absence of any buyers. It's very simple and also very clear that this share will underperform until there is new mgt and a direction which is what the activists are provoking. Proper Action. You should thank them in the long term as without them the appalling mgt in place would have continued and really led to a more dire outcome. Holding for the LT is best as it will recover but sadly it will take a couple of years not months IMO.

Well we always knew it was a smash and grab. Still holding and waiting for news on the special dividend. The main headwind could be the dollar to sterling rate which could negate a good wedge of any GP rise. I think overall I m going to still hold though I too feel like I m missing out elsewhere as am 'locked in' until gold hits the 1600-1650 range. Equally the market could correct very soon and on balance a safe asset is best place. Am at a about 2.20 in old aca money at moment. 20 dollars will be around th 1550 mark which is then 2.70 in old money!-) if that helps.

I think you're wrong Jimdsom if I may be so bold. I don't see "very little news" doing much for Metro Bank. It will take a new management overhaul. They in turn will devise a strategy to keep the bank competitive given the Spend to income ratio is so high. That in turn will require new investment. Finally, you will see when the picture starts to deteriorate that the Banks will be asked to come up with a capital buffer of 0% not the current 1% which will require more money. If anyone is stupid enough to think that things will settle, but of news and ..oop look the share price is now a £tenner. I know it sounds harsh but its just f58!$ing daft. Unless as stated before everyone gets much more active buying and selling in a volatile stock you'll be locked in with your positions for years.

Yes shorters are giving up hence the whopping move from 10.17% to 10.13%. Are you a fantasist?

This is simply rubbish sorry. Odey can t make the bank go bust only the bank can make it go bust. As an activist he is forcing the bank through shareholder anger to take steps which he will have influence over. The likely outcome is the sale of other non performing areas of the business a new mgt team and a change in strategy. IMO they will force the banks hand and if the shorters are getting the price down to 1.50 then 3 for example is a nice bit of business. This simply isn't going to snap back to a fiver. Utter naivety to think otherwise.

I don t know the exact date but it was literally within a week of the deal happening. HSBC have screwed up for sure. Still no dividend either!!!

Yes ToT the shorters have gone in way too deep. Such idiots. You better give them a call with your expertise and put them on the straight and narrow????

Did look at CEY but steered clear in the end. Put 10k in Hecla and 6k in Niocorp which outside of Barrick is me and minerals done for now!! Good luck with that one.

The short tracker has now moved up from 9.17% to over 10%. Oh dear