Member Info for zccax77

I would ignore any broker forecasts. Those clowns never think outside the box. Though it appears to have zero shorts now open on short tracker, so that indicates a massive buy.

Some people are just brain dead.

Wonder who the big seller is? Or is it just shorters? Would have thought the metrics here would be attractive to an institution.

I doubt it, I bet the hsbc loans are collateralised. Lower risk also due to the smaller amounts advanced. Plus most of the money is for tangible items which can be recovered. Whilst a lot of the sums loaned to chopsticks hq would be for intangibles like marketing which are more difficult to recover in a distressed sale.

Looks like the Argies are b*m raping our star fund manager:
https://www.google.com/search?rlz=1CATTSD_enGB826&q=BCBA:+BMA&stick=H4sIAAAAAAAAAONgecRozi3w8sc9YSm9SWtOXmPU4OIKzsgvd80rySypFJLiYoOyBKT4uHj00_UNCyqKDE2SDJJ5FrFyOjk7OVopOPk6AgBEBJeISAAAAA&sa=X&ved=2ahUKEwiI8ZOV07bkAhWVShUIHShYBZsQsRUwD3oECA0QBw&biw=1536&bih=762

From what I have read Hill runs a very tight ship. Extremely risk adverse, rather put it in gilts/treasuries than lend it out. His mantra is return of capital is more important than return on capital.

Mark, did they ask for much collateral?

This guy last posted on LSE in Aug 2011. Just curious of why login again to post on this BB. Must be pretty motivated to remember his password after 8 years.

Commercial lending requires scale and a lot of expertise, maybe they decided that the costs of business vs. returns were just not worth it. Easier just doling out mortgages instead.

Mark-expat, what made you post on this thread after a 8 year hiatus?

Falling out the ftse 250 will really dent Big V’s ego. The plan was to become a ftse 100 company :-( might send an email later today congratulating on join the ftse smallcap.

Hahah, exactly. What a mess.glad I did not buy at 300p

Auson, what is the short level per Euroclear?

Why did you buy today, could have got them for 240p tomorrow?

So tesco bank just sold their mortgage book at a 2.5% premium to book value. Metros mortgage book is 15bn, so a 2.5% premium on this is 375mn. So if they decided to close shop tomorrow the premia they would get on just their mortgage book is similar to their market cap. Just something to think about folks.

You mean the super star fund manager who invests in Argentinian banks? Argentina a country which has defaulted 9 times on its debt in its illustrious history?

Alexios you are talking about the loss absorbing MREL bonds they have to issue. Every bank has to do the same. So I think you are clutching at straws there.

They are probably playing golf or on giving a speech about how wonderful the metro brand is.

And BOD asleep at the wheel.

So a mate down the pub told you to buy mtro shares and now you are spewing investment advice to us?