Member Info for JLB58

There isn't that much of a discount. Following the placing there are another 120 million shares in issue, not the 197 million shown on this site. Add the 5m shares in THG to the profit on the CFD & £3m in cash = the approximate market cap on 317 million shares at the current price.

Note the point about customer accounts, but won't Metro still make a contribution from each account?

Still trying to calculate an alternative value based on the number of customers/customer accounts.

Is this valid?

Any thoughts?

Metro Bank has a stated 2.8 million customers. If each customer was valued at say £100 then the market capitalisation would be £280m which is a considerable increase over the current value of approximately £200m. This would suggest that Metro is potentially undervalued. Obviously the unknown element is whether another bank would contemplate taking over Metro for its customer base and perhaps more importantly at what price per customer.

Although the news was not good perhaps it wasn't as bad as expected?

In 1974 the top rate of income tax was 83%. In addition there was a 15% investment income surcharge making a total charge of 98% on unearned income. Many wealthy individuals with high investment income left the country as tax exiles.

Dave you do realise that if you own 20 million shares you have over 3% of the total share capital & as such should formally disclose this holding.