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That's my thinking.

Recent drag on the share price seems to be reversing nicely.

Hopefully back to 19p and 20p regions again.

Cyberdoggy you have to let these things sink in, let the traders exit and investors invest. The RNS last night showed the first one investing, hopefully of many.

Fast forward in your own mind 3 months to the next update in February and ask yourself whether that next update will improve further in an increasing interest rate environment. Remember that they had in July only forecast to be at breakeven by Q1 2023. They are there way ahead of time due to a combination of factors in the RNS.

Spy things for yourself, invest if you like and then patiently wait and let others cotton on. Transforming balance sheet as of the yesterdays update.

Today's rise seems that bit more sustained though.

is a rising share price.

Nothing wrong with that.

I'm more interested in facts

From yesterday

"There has been no deterioration in early warning indicators and no signs of stress or increased delinquency across the customer base."

and

Daniel Frumkin, Chief Executive Officer at Metro Bank, said:

"I am really pleased to see the business return to profit in September on both an underlying and statutory basis. This performance reflects our tight control of both costs and risk, close management of our deposit franchise and lending channels, and the supportive prevailing interest rate environment, all of which help build a balance sheet that delivers sufficient margin to cover costs. Whilst we remain watchful of economic conditions and continue to monitor our credit metrics closely, our book remains in good health.

and they explained why in yesterdays RNS.

Over 90% of the Retail mortgage portfolio is fixed, with an average repricing duration of 2.1 years, and the average DTV of 56% remains stable. In aggregate only 5% of Retail mortgages now have a DTV of over 80%.

Like I said yesterday MTRO is probably one of the best of the banks right now and with a return to profit about 6 months earlier than expected. October with the mini budget and gilt / interest rate reaction accelerating things faster and now a 3/4% rise. That increasing interest rate environment will only serve to further enhance profitability

BOE, and commentators, today seem to be pointing now to a peaking of interest rates at 4.5% to 5% instead of 6%+

O.75% it is.

Should add to MTRO's profitability moving forward as they won't pass it all on to savers.

B of E has raised interest rates by 0.75%

Anything 0.5% and above will do just fine.

I'd say 0.75% off the MPC and not all of it will be passed on to savers, and who banks the differential.

It all depends on whether the Govt assistance with Fuel is deemed to be reducing fuel price inflation. The gas price seems to have fallen quite a bit.

Should know after midday.

Banks make money out of not passing on the full extent of any rate rises so its Banks, Institutions with cashpiles and savers that will ultimately benefit from increased interest rate rises.

3/4 point rise off the Fed in the US.

3/4 point rise but hinting at smaller further rises. WSJ.

dyor

Just checked and that is not the case. You do realise they would have to notify the FCA at 0.1% and that they get publicly listed once they hit 0.5%. Kernow Asset Management Limited are not showing as such and tbh its just my thoughts that with Metro returning to profit about 6 months earlier than anticpated breakeven and in an environment with recent large accelerated interest rate rises then any such positions may be a bit over exposed.

Ryanair again and Wizz Air expanding routes.

https://www.thisismoney.co.uk/money/markets/article-11381529/Airline-shares-sink-despite-upbeat-Ryanair-Wizz-Air-updates.html

Ryanair

https://www.cityam.com/flying-high-ryanair-breaks-another-monthly-record-with-15-7m-passengers-in-october/

with 3.2%.

RNS after the close

xxxAccountant as of this morning we were already in profit in September.

Trussonomics and a mini budget lifted margins to about 4% so no Mensa requirements to work out how good that month will have been.

In a rising interest rate environment is like being in a 110m hurdles race. When you get to hurdle 3 there is no hurdle 4 in front and all the rest to the finishing line have been lowered by 18 inches.

Tomorrow at noon we get the next instalment.

Personally I think the UK will see a further 0.75% rise and highly beneficial to banks.

Should steal a march on the competition.

https://www.dailymail.co.uk/femail/article-11377155/Myprotein-launched-Black-Friday-SALE-47-including-bestsellers.html

Far better to be back on the road to production and then full production and once it gets there then this entry point will be viewed as a bargain.