Member Info for zccax77

Hopefully the whole sector goes back to their Pre-Covid highs, then one of them buys MTRO for a tuppence and puts it into run-off.

VMUK trading at 45-50% of tangible book value, MTRO <10% of tangible book value. Sooner or later the market will notice.

Oop 15% today, MTRO struggling with 3%. I bet if you asked the BOD yesterday, they would say they know of no reason why their share price is performing so badly.

Cyberdog, they are severely capital constrained to provide any meaningful help off their own backs. Additionally their commercial loan book is only £2.5bn and they only have about 157,000 business customers. So in the grand scheme of things not very material exposures.

Cyberdog, what? Those BBL's are interest free for the first year and 2.5% beyond that. No way can they commercially underwrite at those suicidal rates.

Nothing I have said is not factual. Each of the statements I have made I can corroborate.

No point having amazing service if you cannot help your clients when they are most in need, like now. Government is offering free money and what Mtro are doing is truely tragic, I bet some of their clients will be going under due to this.

Still no solution per Twitter. I am glad I don't do my business banking with these clowns. Surely the FCA should be getting involved in terms of treating customers fairly.

Look at how VMUK is flying away. Hopefully they rise to a level where they make a bid for MTRO through a exchange of shares. Better outcome than sitting and praying that the BOD come good on their promise on this POS.

Metro Bank benefits from relatively low exposure to unsecured lending and a conservative debt to value profile.

Metro have 157,000 business customers, I wonder how many will stick around after this.

I see they still have not been accredited. Their business customers must be fuming.

What everyone is waiting for is their IFRS 9 expected credit losses, I doubt they will provide any guidance on this at the AGM.

Let's hope they don't spend £5-6m on each new branch and sign away 25 year leases.

Some of their customers sound desperate on Twitter. Although I know circa 20% of these applicants are scammers, hard not to feel sorry for some of them.

Managed to apply for a CBBL from LLoyds yesterday for my LTD. Wondering whether I should buy more MTRO shares or more RDSB? I see Metro have still not been accredited for the scheme.

This board is no worse than the ADVFN board, where everything but the share is discussed.

Banks know their profit comes from the spread not the rate ;-)

Have you even read Saga's financials? Do you even understand what reinsurance is?

Doubt it with COVID-19 and the NED purchase of shares.