Member Info for Jinny122

Cudders... all that effort on twitter and all the MTRO chat boards, and you suddenly throw in the towel and now talking about 250p TO ???... keep chin up, nothing has changed in the business or its asset value as a result of today's SP fall

The timing here is driven by MTROs strategy update in Feb 2020. IMHO, going by the article below, MTRO are likely to be considering exiting commercial lending (28% of all their existing lending), so any potential acquirer has to move quick before any announcement which could destroy value for them in any acquisition. See the link below for this:
https://www.thetimes.co.uk/article/metro-bank-prepares-to-halt-big-business-lending-6vtp669cq

Good position to be in.

Mind boggles on this stock, complete collapse of market confidence despite very compelling value fundamentals. So many are on the sidelines waiting for a safe platform (a solid RNS) to jump on IMHO

CALM. If I was a shorterI'd be delighted that I have you all where I want you, DEMORALISED.

Reality is that it doesnt make any sense to be increasing shorts at this level, after a 90% fall. Looks like a desperate distraction tactic IMHO. Pi sells to allow shorters to buy back and go long. You'll have to be very brave to be holding a REAL 3% short at these levels.

My life's ambition is to be a full time Metro Man mascot!

https://images.app.goo.gl/7znDoxw24S9fhL7UA

.... we can all do the maths.

Happy New Year All!! Hope 2020 brings some respite to us from all the carnage on this SP

https://www.bbc.co.uk/news/business-44517752

Book value for Virgin Money was £1.8bn vs. takeover price of £1.7bn. But it was an all share deal, so scope for t/o price to fluctuate up or down.

https://www.theguardian.com/business/2015/mar/20/lloyds-sells-50-of-tsb-to-spains-sabadell

TSB bank was sold in 2015 for £1.7bn vs. balance sheet book value of £1.6bn.... Indicates well for MTRO

..... Prescription: Consolidate with larger rival to gain scale!!

Not sure what point you are trying at.

80% of the balance sheet book value there wete intangibles. Yet they extracted 3.5 times book value as acquisition price.

MTRO is in a very much stronger position in compare.

Google the SP and you'll see it had already spiked significantly by then in anticipation.

Management there were using a lot of same language we're hearing on MTRO... things like 'the next stage of its development', on MTRO it is 'the next chapter of its development...' etc

https://citywire.co.uk/wealth-manager/news/us-private-equity-giant-snaps-up-harwood-for-91m/a1308029 .... Private equity acquisition of a financial wealth manager this month.

Interesting things on this: (1) business lacked capital for growth (2) acquisition price of £90m was 3.5x balance sheet book value of £25m (3) major shareholders were consulted in advance and gave their sign-off and backing (4) strong board recommendation on basis that the business will get access to growth capital

What arguments are there for the regulators allowing MTRO to limp into post-Brexit UK on 1 Feb in its current hobbled form without decisive action taken???

Buying something at £5 that was previously priced at £22 wouldnt need too much convincing re: share placing. If reasons given in support of a £3 TO are compelling, you may see the syndicate splinter for instance..

Their ability to block depends on reasons why a TO at say £3 is recommended. The board have more info than the sydicate and would therefore carry more sway... unless the syndicate wanted to out-bid it..

Exactly. BUT they no longer have a say at board level.. so for exame a £3 TO could be unanimously recommended by the board

Who is left to fight vigorously against a say £3 TO??... I prefer someone who holds shed loads bought at much higher prices than today..

Is it right to conclude that with the departure of VH and the CEO, the two people with the most at stake with regards to MTRO shares held are no longer at the top table??. Is this coincidence ??

City / Town centres to be precise, basically population centres with high footfall

MTRO's futire is likely to be mainly online based I assume. They are not trying to create blanket branch coverage, just one or two stores in each city outside London. The rest has to be online driven I assume, with stores there as customer service differentiators