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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Metro Bank Holdings Plc | MTRO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.35 | -4.15% | 31.15 | 16:35:15 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 31.55 | 31.30 | 32.25 | 31.15 | 32.50 |
| Industry Sector |
|---|
| BANKS |
| Top Posts |
|---|
Posted at 12/4/2024 12:00 by arborfieldinvestor There are certainly some level of risk, especially with the smaller banks. MTRO had real risks of going under last year due to regularity requirements, hence the share price being hammered. Whilst that risk has not totally disappeared it has now reduced significantly due to the rescue package. The last results showed at the end of the year deposits were increasing, revenues up significantly on previous years. The current price still reflects the expected failure of the bank which, I personally, and I could be wrong, is unlikely to happen in the near future. |
Posted at 12/4/2024 11:45 by arborfieldinvestor I think the market cap is pretty near the bottom of where it has ever been. The dilution had a big impact on the number of shares but the value of each share plummeted so the nett market cap was lowered. MTRO made underlying loss of £16 million last year. With a £80 million cost saving that is £64 million future profit not taking into account growth. Based on the industry PE averages that should be a market cap of £512 to £768 million hence my 70p-100p target. This totally ignores the underlying value of the existing customers (mortgage book etc). |
Posted at 11/4/2024 07:42 by pol pot Slignt issue. This whole thread is about II being a thick knut ...and he is long mtro |
Posted at 11/4/2024 07:16 by thanatos abysss morning fellow gerbiesdont listen to us MTRO up to the stratosphere |
Posted at 10/4/2024 23:53 by arborfieldinvestor 1.79% profit on closing price! I have a normal limit of not more than 5% of my portfolio in one stock and MTRO is currently 22% as I've sold other stocks to buy at lower levels. I will need to reduce this exposure if, as I hope, the share price continues to rise. |
Posted at 10/4/2024 12:05 by arborfieldinvestor It's nice to wake up today, and after buying all the way down, and see I am now in profit on MTRO! Only just but a profit is a profit. My 12 month target is 70p-100p once the cost reduction programme has been fully implemented. |
Posted at 08/3/2024 20:57 by fast mover from OSB Group PLC (LSE:OSB) and Metro Bank Holdings PLC (LSE:MTRO) have become more interesting following Nationwide's £2.9 billion takeout of rival challenger bank Virgin Money.Analysts are not sure there is too much read across, though OSB trading on a consensus PE ratio of 2.7 times is an obvious target, according to KBW.Metro, too, is cheap says KBW, but faces considerable challenges and "would no doubt have been taken over during the restructuring if there had been any interest".The bank has moved to reassure as best it can, says AJ Bell, raising £325 million fresh capital in autumn 2023, when it also unveiled a new cost-cutting plan designed to save at least £30 million a year.A small £11 million profit is expected in 2023 when it updates on Wednesday, to end a long streak of annual losses but the uncertainty on its future means Metro is the most lowly rated of all the challenger banks.On a multiple of book value, it is rated at a fraction of the value afforded to Virgin Money by the Nationwide bid, notes AJ Bell.OSB on recovery tackSpecialist mortgage lender OSB is also recovering from a profit warning and stuttering housing market.Profits are expected to rebound in 2024, despite the soggy economic outlook, says AJ Bell, and OSB is expected to maintain a generous dividend as a result.OSB increased its interim payment to 10.2p from 8.7p though the final payment will be more cautious.Pre-tax income is expected to drop to £361 million from £532 million.Results are due on Thursday 14 March.View Price & Profile |
Posted at 10/10/2023 11:47 by danvandan As far as mtro is concerned, the situation continues to evolve. The press has universally taken against the coup pulled off by the Colombian. However, he is a shrewd operator and works at a political level. As far as mtro is concerned, as dealy pointed out, it will be the making of the bank.JGB has the money, political savvy, and operational understanding to make mtro very successful. He believes in the model. He knows how to run banks, even in hostile environments like Latin America. He's been involved with mtro for years. This is a very interesting time. Next news will be the sale of the mortgage loan book. That will put upward pressure on the sp, as the real posters here have pointed out. Next will be the regulatory charm offensive - JGB will make this work for mtro. Short and long-term, things look potentially very good. |
Posted at 02/7/2023 15:42 by paul planet earth1 Builder2020The publication refers that the new 'Holding Company' hasn't traded since incorporating and doesn't have the distributable reserves to pay a dividend..It does not mean to say that operating companies can't transfer distributable reserves to Metro Bank Holding Company to be used for dividend dustribution in future. Also if Holdings wasn't planning to pay dividends then the dividend tax related disclosures wouldn't have been needed in so much detail as limits and tax rules can and do change. Page 23 Dividends at discretion of Directors..Doesn't mean to say that Directors on 28th July don't announce a dividend policy its at their discretion to do so or otherwise. 'On the Scheme Effective Date, the Company will have no distributable profits or reserves to enable it to pay dividends to Shareholders. Shareholders may therefore not receive a return on their investment or may receive a negative return and lose some or all of their capital The Company’s results of operations and financial condition will be, if the Scheme is implemented, dependent on the trading performance of the members of the New Group. There can be no assurance that the Company will pay dividends in the future. Any decision to declare and pay dividends in the future will be made at the discretion of the Directors and will depend on, among other things, applicable law, regulation, restrictions, the Company’s and the New Group’s financial performance and position (including the availability of distributable profits and reserves and cash available or able to be made available in the hands of the Company for this purpose), regulatory capital requirements, working capital requirements, finance costs, general economic conditions and other factors the Directors deem significant from time to time.' 'Ability to pay dividends dependant on other distributions received from its operating subsidiaries' Page 71 Highlights tax payments related to dividends. 'On the Scheme Effective Date and pending distributable profits or reserves arising or being generated as outlined below or pursuant to the Company Reduction of Capital, the Company will have no distributable profits or reserves to enable it to pay dividends to Shareholders. As a holding company, other than through the implementation of the corporate actions as described below, the Company’s ability to pay dividends will therefore depend on the level of dividends and other distributions received from its operating subsidiaries and companies in which it has an investment. The payment of dividends or return of cash by other means to the Company by its subsidiaries and companies in which it has an investment is, in turn, subject to restrictions, including the existence of sufficient distributable reserves and cash in those subsidiaries and applicable regulatory requirements.' UK Taxation Consequences of the Cancellation of Old MB Shares and the Issue of the New MB Shares For the purposes of UK capital gains tax and corporation tax on chargeable gains, the cancellation of the Old MB Shares and the issue of New MB Shares should be treated as a reorganisation of share capital. UK resident MB Shareholders who do not hold (either alone or together with connected persons) more than five per cent. (5%) of, or of any class of, shares in or debentures of Metro Bank should not be treated as making a disposal, for the purposes of UK tax on chargeable gains, as a result of the cancellation of their Old MB Shares and the issue to them of the New MB Shares. Instead, the New MB Shares issued to an MB Shareholder should be treated as the same asset, and as having been acquired at the same time and for the same consideration, as their Old MB Shares from which they are derived. Taxation of Dividends on New MB Shares The Company will not be required to withhold amounts on account of United Kingdom tax at source when paying a dividend (whether the payment is made to a UK resident or a non-UK resident holder of New MB Shares). Individual Shareholders Dividends received by a United Kingdom resident individual holder of New MB Shares from the Company will generally be subject to tax as dividend income. The first £2,000 (the “Dividend Allowance”) of the total amount of dividend income (including any dividends received from the Company) received by such a holder of New MB Shares in a tax year will be taxed at a nil rate (and so no income tax will be payable in respect of such amounts). If the total dividend income for a tax year of a United Kingdom resident individual holder of New MB Shares exceeds the Dividend Allowance (such excess being referred to as the “Taxable Excess”), then the Taxable Excess will be subject to tax depending on the tax rate band or bands it falls within. The relevant tax rate band is determined by reference to the shareholder’s total income charged to income tax (including the dividend income charged at a nil rate by virtue of the Dividend Allowance) less relevant reliefs and allowances (including the shareholder’s personal allowance). The Taxable Excess is, in effect, treated as the top slice of any resulting taxable income and: * to the extent that the Taxable Excess falls below the basic rate limit, the shareholder will be subject to tax on it at the dividend basic rate of 8.75%; |
Posted at 07/6/2023 07:13 by paul planet earth Frank.The accounting might work something like this. Company A - New Co Holding Coy. Company B - Existing Operating Bank B issues bonus shares to A to transfer reserves amount transfer is aligned to A's expected H1 dividend payment for example £25m e.g. 15p a share. CR Shareholder ac DR Reserves A records receipt of shares and reserve transfer. DR shareholder ac CR Reserves A declares dividend. CR dividends payable DR Reserves A needs cash to pay dividend B Cash to A in form of loan. CR Bank (amount dividend A to pay) DR intercompany loan A Receipt of cash from B DR Bank CR intercompany loan A pays dividend CR Bank DR Dividend Payable Bonus Shares cancelled A CR shareholder ac DR Reserves A now left with a CR interco loan owing B and a DR on reserves represent dividend distribution funded by interco loan. B DR shareholder ac CR Reserves B returned to its original reserve position but as cash has left B (as a loan to A) B is left with a DR interco loan asset. Overall group reserve loss (A and B) increase to reflect cash leaving business as dividend. But net historical reserve loss reduces as 70% of this year's retained earnings profits made are not paid out as a dividend. Hence Metro Bank can both pay a dividend and over time improve the health of its balance sheet ie materially start reducing the size of historical losses on retained reserves. Notes: Interco loan A to B can simply be debt forgiven at some point which would mean zeroing out A balance sheet..In A DR interco loan CR reserves and adjust B balance sheet CR intercompany loan DR reserves. As Metro Bank's profits and hence retained reserves are expected to grow all the above simply washes out.. Further Note: Corporation Tax..either not applicable due to historic losses or as dividends are paid out of tax profits an accrual is made for tax payable equivalent to c.25%, possibly less for dividend payment in A (funded by loan from B) if deemed necessary by HMRC. A voila Metro Bank is now a healthy dividend paying (high dividend yielding) company with dividend commited cashflows..Share Price re-rates upwards sharply. |
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