Member Info for Jinny122

Started on friday. Saw an advert placed before a youtube video. Wonder if we can read anything to the timing

Metro will likely be the hottest retail banking asset to come to market in a long time, if you ask me. First class designed and well located branch network, first class it systems, first class customer service repuration, massive growth potential, massive loan and deposit books, loyal FAN base and cult following etc. Just needs help with cost of growth and expansion, coupled with financial muscle to improve its financial product range

Dont think we need to be worried about a bidding war. If this business is for sale, there will be a bidding war for sure. Dont discount the strategic value to the incumbent banks in making a defensive acquisition of metro to stop an equally large foreign rival from gaining a foothold in UK retail banking market

I think the big banks will be allowed to bid, and will actually be the preferred bidders. No point selling metro to a small outfit which cant challenge and gets into trouble. The top pick will be a large foreign bank with the resources to mount a serious challenge through the acquisition of metro.

Guess is its part of a bigger plan. Dont see why of all the 73 odd branches opened so far, only Liverpool (an area hubgry for investment) has had such issues. Not even the London branches had them

Maybe there's something particular about the northern branches then in that case. New branche opened in Wales very recently.

Its possible that there may in fact be a bidding war by multiple parties after market close on 25th Feb. The highest bidder gets their bid announced on 26th Feb subject to regulatory clearance and shareholder approval. This avoids a messy public bidding war ahead of results, where the losers will have lost face in public

Also not uncommon for it to be arranged by all parties so any acquirer waits until after market close on the day before results announcement to table possible offer. Helps to avoid need for immediate RNS, avoids leaks which spike SP (and reduces TO premium calculation). Major shareholders can be consulted after market close to get their initial feedback ahead of formal announcement via RNS the following morning

Spruce buying shed load more, shows they're not in the know of any strategy development or TO, which is good as means there is no reason to seek their help or blessing, so any potential TO terms or new strategy must be compelling if thats the case. Still no perm ceo and chair, no director buys in approaching 5 months, no major leaks about strategy in press, adverstising campaign out of the blue and not saying much other than raising brand profile, predators lurking and complaining about high TO price (thats the likely reason for FT article on private equity), Liverpool branch mysteriously still not open to public, and so on and so forth

Panderman, the Spruce RNS was released after market close on friday. So SP hasnt had chance to respond yet

Can you not see that teh ES article does the following: (1) Reduces the chances of any equity raise, who will inject more equity in this background context ? (2) Pans any standalone strategy which the company may have been trying to wing. It introduces the notion that these mis-steps may be systemic as opposed to a one-off issue of an accounting error in 2019

No update on their twitter account either, and it had advised to check on 27th Jan.

The absolute key here are the colours in the background, lack of Metro bank logo, the timing of the tweet and the timing of forthcoming announcement, and the declaration that its "exciting" news. Overlay all that with Metro's precarious situation and you should see it clearly

Approaching 4 months since last director buy, despite reasonably upbeat Q3 results and historic low SP.

No point selling assets / loan book, as there are no attractive areas to re-invest the proceeds to generate better returns. UK retail banking is too competitive at the moment, subscale lenders face a tough time

We've discussed T/O a lot already.

The RI/ share placing risk is the only other alternative, as something drastic has to be done/ announced in Feb.

Dont think RI can come anywhere near fixing the issues here, the bank has raise almost TWICE its annual revenues in new capital since May 2019.

Investor 6.... its an undisputable FACT!! Pick any one of those banks, check their last balance sheet shareholders equity value and compare to T/O price. Identical.

JTMacs..... unless you are arguing that MTRO will be the cheapest and worst asset of all challenger banks to have been sold in the last few years?..

Denby69.... £1.7BN as at Q3 2019. Thats £10/share

Virgin Money, TSB, Aldermore, Shawbrook bank ALL challenger banks taken over at balance sheet book values. Cant find a SINGLE instance when this was not the case post-credit crunch.