Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Welcome William.
Indeed I agree, metro is the best by far. We'll see how the Share Price reflects, should be coiled for a re-rate here and positive news inbound with BoE soon. All the best.
Unreal amounts to be made in stocks going long, such as e-commerce and tech.
I called several long positions publicly here and bought heavily long in march in SHOP, ETSY, FB and others.
And nowhere near the top yet.
I don't mind a placing if it's done for the right reasons after funding is received.
Any longterm holder seeing the potential and who understand finance would understand. Cost of capital.
“ Hence my warnings to newbies”
Ah yes, you’re the tooth fairy? The guardian angel?
Come on lad, get off yee high horse.
No one in their right mind spends this much time “warning” people.
Just say that you’re short (or paid to post) here, it’s OK.
LTI dear God, still spewing his garbage as Chief carp inspector here I see.
Despite its awful share price at the moment, Metro is not exactly a start-up born in Shoreditch 2 weeks ago for Christ’s sake.
Have a look at the balance sheet. 2 million customer accounts and growing. The last thing the government wants now is having to deal with any aftermath.
New chairman in next month and several news updates due for banks in Q4.
MREL change should help Metro tremendously
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/uk-bank-bosses-welcome-boe-s-vow-to-issue-simpler-rules-for-smaller-banks-soon-60474715
Bank of England Deputy Governor Sam Woods has promised simpler rules for smaller banks soon, and executives at challenger banks welcomed the prospect of changes to key funding requirements that they deem outdated and unfair.
"Those rules are probably quite antiquated now in respect to some of the new business models that have sprung up. I think that is going to be a big part of the capital story for us."
"He said the BoE would propose simpler rules for smaller lenders in a month or so. Woods was referring to the BoE's consultation on rules for new and growing banks that closes Oct. 14."
Theo, that is true. The trend is definitely heading to lower branches. That is undisputable.
But other banks have/had massive networks and metro a fraction, so important to keep in mind where each is relative to others. The real challenge Dan faces is those terrible leases and increasing revenue per walk-in.
Renegotiating leases should be one of Dan's many priorities. Even if it's trimming cost by 10-20%.
Yeah Yuri, sure.
Please do mention the following numbers, for context:
"Today, TSB has 475 branches. By the end of 2021, it will have 290."
"With 290 remaining branches, TSB will still have the seventh largest UK network and be bigger than Coop Bank and Virgin Money combined."
https://www.bbc.com/news/business-54343392
TSB: will still have 290 branches AFTER today's closures.
Metro Bank? 70ish branches total.
Keep some perspective when you quote numbers dude. ;-)
Many other options than rights issue.
Unnecessary and would be a very bad strategic move. Sale of assets is much more likely.
I will say that it is fascinating to read all the theories here from people who seem to know so much about the state of what goes on inside metro’s boardroom.
Evening Mister Matlot
Obviously COVID a massive mess on all fronts. It’s still September and many months ahead of bad. Banks not just metro a mess and not getting better anytime soon.
But weren’t most of your points about metro improvements and new chair/accum/recent RNS updates opposite to what you mention on this thread?
Brexit could end up with a deal, still undecided and in everyone’s best interest.
Beyond the chatter and banter here, these facts are the ones that interest investors the most:
- Ratesetter deal done and dusted this week with a shake-up on the RS board. Massive synergies between Metro and RS, we discussed this at length.
- Extended auction on Friday with high volume. Which apparently has rattled more than one on this BB.
- shorts reducing aggressively and steadily lately. Oh dear with his massive 4% short? Looking forward to seeing that unfold on the 28th
All the best to holders.