Member Info for MaverickD

Well a takeover would be nice......catch my drift

Best yet to come - liking that...….

Should see money coming in here - some bank switching, booking profits at Lloyds, RBS and Barc and investing that over here.
Positive

It would be good to know who has been buying the stock as there has been a buyer in the background accumulating stock - all should come to light soon enough

Just read the Q3 update and I think we could see this pop up a little.

Chalked for market close 4:45pm

I do believe we will see a move upwards - MMs appear to have been collecting stock within the 193- 210 range.
The Brexit cloud has also been fully removed, so expect financial to fair well today.

Second that ….. waiting for a re-rate one we hear about expansion and increasing deposits and capital ratio position. Expecting some big director purchases

They have today and tomorrow - £ up expecting a rebound!

European banks back in fashion.....Morgan Stanley has been upgrading the sector. Massive move coming amplified by the American Funds buying and shorters that will need to cover.

Lemonade I totally agree......if the SFO can just drop the Libor case against the likes of Barclays and co, then who's to say the FCA may well just reprimand Metro and just ask for more scrutiny from the top!

Definitely know that deposits have increased their capital ratio was 18.8% and has increased to around 21-22% since the MREL issuance. I think that's about right. Will know soon enough

Growing business

All financials should be climbing today, so watch all the banks

We should see a nice bounce, what with the rumour mill going into overtime with CYBG and the potential of a deal being signed off by parliament later today or tomorrow. The Letwin amendment won with 16 votes, the amended brexit deal would probably now pass with a small minority going by Saturday's result, which essentially protects against a no win scenario.

Very short term price targets I am looking for this to break is £2.25, £2.39 and then £2.49.

My view is that the SP will see a rally in the SP tomorrow and Tuesday, pre results - there is multiple gaps and if you are a chartist the £2.50/60 range could see a massive upswing. I do believe that this week should see a massive re-rating of the stock and I think a few shorters will be booking some profits.

https://www.finextra.com/newsarticle/33424/metro-starling-and-clearbank-the-winners-in-280-million-rbs-bail-out-award

https://www.finextra.com/newsarticle/34555/metro-bank-boosts-sme-offering-with-new-fintech-partnerships

The investment that Metro Bank has made in making it the no: 1 bank of choice for service to personal customers and the improvements it has made in the SME offer over the last 12 months will reap rewards. I am looking to see evidence of this, along with the wider market when Metro comes to report on the Wednesday.

Results from the Independent service quality survey results for Personal Accounts:
Overall Service Quality
1st Metro Bank 82%
Overdraft Services
2nd Metro Bank 67%
Services in Banks
1st Metro Bank 85%
Online and Mobile Banking Services
3rd Metro Bank 83%

There have been a number of stories written about the potential for a Takeover or the Bank being taken private. There has been some significant block buying over the last couple of weeks and the recent story about CYBG being interested in a takeover is a possibility – clear synergies to challenge the big 5.
MTRO Mkt Cap £340m and CYBG almost £2B.
I personally see so much upside here and see our valuation north of £1.5B, which equates to £8 plus
Looking forward to next week! GLA

https://contrarianinvestor.net/posts/2019/10/19/is-metro-bank-about-to-be-taken-over-more-rumours-october-19-2019

Results on Wednesday

Next week should be interesting.

The fall has been to pick up stock to fill the large buys - hoping we are mopping up the last of them. Holdings RNS would send a rocket up the price - people will then relaise what has been happening.

Multiple 350K buys worked through......2.1m