Member Info for Jinny122

Harsh truth, but fair, is that in the absence of a concrete takeover proposal Metro is a short all day long

Looks to me like a blocking move to stop JPM. No intention to acquire by GS by looks of it. SP is hardly racing up LOL

Sales growth has vanished, loan book growth has vanished, deposit book growth has started to vanish, C&I grants is now vanishing and £50m has to be refunded. LOL

The value has been disappearing before our eyes for sometime. Think about it: previous profits have vanished, previous aspirations to challenge have vanished, future branch openings are vanishing, capital vanished and had to be rebuilt via emergency placing, share price has almost completely vanished from £40.. Metro, the great vanishing act LOOOL

If a recession is coming, there will be a flight to perceived safety. Metro's deposits will disappear to LLOY etc before they know what time it is LOL

Given a choice between a LLOY or a METRO branch in my community, it'll be LLOY all day long! Give me low rates anyday thanls! Can survive without dog biscuits and 7pm branch banking

Looked again at results and webcast, really cant see a future / way forwatd here. Just vague aspirations, like "UK best community bank". Lol. Looks like massive retrenching with tail between their legs to me. LLOY and RBS must be frightened of them LOOOL

To be hones, the new strategy just doesnt stack up and glosses over major points.

Holders here just have to keep the mother of all hope that the Ceo has a trump card up his sleeve that he hasnt revealed. If not, its a wipeout as things stand.

Pinnasim. Those are the facts, MREL HAS to be issued this year to quote the Ceo.

Jeez, thats not far from 20% of annual revenues just to meet idle MREL caputal buffer! Crazy!

I have watched the webcast btw, seem more informed than some here dismissing these points

CEO said they need £500m more in MREL and will issue all or some of that this year at around 7.3%. If they issue all this year, then thats a £70m interest charge per annum just for MREL alone. This is sinking further into the red

Havnt seen anything so far..

Can anyone then explain the following: (a) how do they intend to fix 9.5% MREL? (b) How do they intend to raise additional £500 MREL debt this year? (c) How do they intend to materially increase revenues which grew at 0% last year? (d) How do they intend to stop an exodus from their resi mortgage book given crpp prices? (e) How do they intend to move into unsecured loans without increasing bad debts?

The large holders have probably written off their investment by now. The future looks bleak here, new powerful market entrants, pitential recession, loss making etc.

Holders must just hope with all fingers and toes crossed that the big holders dont start dumping stock at these prices, it'll be carnage

Desperate times indeed for holders. Unfortunately looks like this will have to be a write-off for most. Cant see anyway of resusitating this, and analysts share similar view

Well the 'UK's best community bank' strategy has fallen on its face it seems. It was funny though, as I speculated before results that Metro should be converted to a netwirk of Farmers markets, so it wasnt a mile off Lol.

Sad to see a once promising challenger reduced to rags, but the signs were there for all to see.

Management need to sell it before it becomes an emergency situation in a possible recession

Adzky, the business is insolvent. Its just that the creditors have chosen not to crucify it for now, on an informal basis only.

Those convertible bond holders and Sukuk holders will likely convert to equity at big discounts to already historic low prices. Thats before you come to the banks on the $2bn facility, who too will likely take some equity at big discounts. Then you come to Mubadala, who too may inject stabilising cash in exchange for a big stake at big discount to historic low. And thats before we come to Freeh report findings, which could materially reduce the asset base value and true profitability here. Then we come to lawsuits and FCA investigations. Then we come to potential actions by its business partners, many of whom are related parties closely linked to its big shareholders.

Bond holders / lenders now fully in driving seat and making decisions solely to protect their positions. Equity holders will suffer all the pain here unfortunately, the business will survive and debts will be recovered