Member Info for smithandmighty

Apologies my post was for denby only.

Believe what you want. Even if I was shorting which I am not you will clearly agree that this company has handles matters in a disastrous way. You know that weather your short or long arsed !

£1.90

Totally agree - Not very inspiring for existing customers or potential ones as a result of poor reputation resulting from recent events.

Yes I agree - Even Bernard Manning could not have bettered this company as a joke ! You would expect they would have had a back up plan ready when they backed out yesterday. I will not be averaging down any more I am at £2.62 now. They respond to bad news by saying nothing positive or at least what the next strategy will be.

True, But I don't think they had a Board that was run by a Yorkshire Terrier ! Your right the companies you mentioned did have challenges but what has METRO actually learned from other banks and even from its price drop ……….Nothing !

If the bod cannot manage a bond issue what chance have investors got in relation to confidence and value of the company. Lets face it Governance and Compliance supersede how many branches their opening and the increase in deposits. What the final blow today was the ambiguous reasons. I think their has been too many disasters with Metro and eventually shareholders or stakeholders realise that the BOD could not even direct traffic never mind a bank. That's why its aptly called a challenger bank as it is actually causing challenges.

I m not a shorter just a realist !

The longer they keep people in the dark about Plan B the longer this going to suffer. That's providing they have an alternative strategy to the bond failure. I don't think they have one.

Shares in Metro Bank (MTRO) are off 10 per cent this morning, after the lender reportedly failed to raise appetite for a £200m bond yielding 7.5 per cent. The financing is required to meet EU regulations for banks to build loss-absorbing sources of debt, but the perceived risks – management credibility after this year’s risk-weighting crisis and the ensuing regulatory investigation – are clearly too high for investors to swallow. We remain sellers.

More brilliant news - Investors chronicle article today - Guess What ………… SELL !!

Yes it will - Vernon's dog will walk in and have a **** and the close his account !

I agree, the press can damage reputation, but any BOD worth their weight would have put out a more convincing statement regarding the bond withdrawal in particular the reasons. It casts further doubt in the companies credibility.

Vernon must be down big time now !

Carnegie, Pedigree Chum for Vernon's Dog Tonight !

You have made some valid points however the long term future for this share is very uncertain. There are a lot of investors on this board including myself. If you were a customer would you open an account after the debacle this bank has had to manage ? Whilst the BOD have invested themselves they are doing nothing to promote more business, surely you would do that if you believed that the company had prospects instead of sending out ambiguous statements which have been punished through sentiment today. THE BOD NEED TO WAKE UP

Hi Nigel - Was there a dividend surge last year for the special and the final ? I may be wrong but I don't think there was ?

Hi Nigel
You cannot underestimate this stock ! This companies been through nearly everything and always manages to pull through.

Hi first time on this board and hold TWs. With the current market sentiment this is imo good news. At least it eliminates uncertainty.

Hi Mark
I agree...…about the government ! I think there is too much going on for them to make a foolish decision, but we will see on Monday.

Cheers