Member Info for zccax77

I have filtered the clown. Don't want to waste my time reading 1,200+ posts by him over the next thirty days.

My average is 120p, not selling for a penny less than 300p.

So with a current market run rate of 1bn sales pa, how long will it take to sell down these assets? When is the nearest big debt maturity date?
For those who think there will be a portfolio buyer out there, the only such buyer is Brookfield and last time they walked away.

Lender pressure on sponsors is driving an increasing number of sales, in particular amongst those private equity houses that were active in 2013 to 2015. As with The Kennet Centre in Newbury, this will result in some sales but, in other cases, we are seeing lenders take ownership of assets in order to implement their own work-out strategy (often with a fresh asset management team).

Looking ahead, while the second quarter of the year has seen the market opening up slightly, it is the availability of debt that will play a key role in unblocking shopping centre investment with CVAs and Brexit in the background. Buyers are looking for 'disrupted' owners and banks for the source of their opportunities to acquire assets. Looking to the second half of the year, there is some catching up to do to rebalance from investment levels in H1 2019, but we believe a full-year total of circa £1 billion to be achievable.

The volumes recorded in Q2 2019 were slightly up on Q2 2018 levels which came in at £280 million. The total for the first half of 2019 came in at £567 million, significantly down on the £913 million traded over the same period in 2018.

https://www.savills.co.uk/research_articles/229130/288610-0

Chance of takeover: No, since Vernon is not the type of man to sell on the cheap, and he has to save face with his mates. He regrets the sale of Commerce for $8.5bn in 2008, since that business is now conservatively valued at $35bn.

Chance of going private: No, too many different class of investors.
https://markets.ft.com/data/equities/tearsheet/profile?s=MTRO:LSE

https://www.telegraph.co.uk/business/2019/08/25/crispin-odey-stopped-shorting-pound-now-investing-britain/

Block the troll like I have.

illbetabuck. Make sure you look at this as part of your research, slide 19 is my favourite since shows the GBP 9.5m of income generated by each branch when they mature:
https://www.metrobankonline.co.uk/globalassets/documents/investor_documents/metro-bank-may-2019-investor-presentation.pdf

Look at this company, stupid shorts reduced the MC to $373m, and company has started a share buyback of program of $300m.

https://www.zerohedge.com/news/2019-08-23/big-short-investor-michael-burry-long-gamestop-new-activist-play

Would not be surprised to see a US buyout, MTRO operates the US model of banking.

https://www.finextra.com/newsarticle/33538/jpmorgan-chase-to-open-90-branches-this-year

And they are growing accounts at a rate of 28% pa. Agreed this is buy and hold, and wait for management to turn around.

Odey is just another gambler, his 2015 return was minus 51%.

Look at his biggest short position Lancashire holdings of 5.21%, which is a P&C insurer, why would anyone short a company which insurers catastrophy risks before they have even happened. Can he see into the future?

There is $100bn of capital backing this, and this excludes Michael Bloomberg's wealth of $55bn.

I would not worry about a Odey and his modest 1bn pile.

He just taking a different role:
https://www.theguardian.com/business/2019/jul/24/metro-bank-founder-and-chairman-vernon-hill-to-be-replaced

Craig Donaldson voted top 3 ceo's:
https://www.forbes.com/sites/grantpowell/2019/06/20/who-are-the-uks-top-ranked-ceos-and-how-did-they-get-there/#3a4ead6b40de

Remember these guys are heavily invested in METRO, shareholders and management goals are aligned.

No one posts 1,200 messages over 30 days on a BB for fun.

Remember the safe deposit boxes pay 85% of the rent
Metro spends 0p on marketing costs, their growth is purely based on word of mouth
Each branch location acts as a conference/event centre for the local community, they use these events to sell the bank to commercial clients and local government and schools. These are often very lucrative accounts and source of low cost deposits. This is the same model they followed in the US.

Illbetabuck, I see you also invested in DEBS :-)

Illbetabuck, how you managed to post over 1,200 posts in last 30 days on the TCG board? sorry to break it to you but the equity in TCG is worth 0p.

We are all invested because of Vernon you clown, see page 9 for why:

https://www.verdict.co.uk/retail-banker-international/wp-content/uploads/sites/2/2017/03/Vernon_Hill_Metro_Bank.pdf