Metro Bank Investors - MTRO

Metro Bank Investors - MTRO

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Stock Name Stock Symbol Market Stock Type
Metro Bank Plc MTRO London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-0.70 -0.69% 100.60 16:35:22
Open Price Low Price High Price Close Price Previous Close
101.60 101.00 104.10 100.60 101.30
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Industry Sector

Top Investor Posts

sentiment riles: Or most investors
sentiment riles: This crud is going to zero . Everyone was being nice 40-77p Its worth sub zero Its current value is sub sub zero.. Its investors are the most clueless on earth
dealy: The company is valued at half the money it raised in May 2019 when investors put 375m in new equity into the company. The shares that day closed st 640p, now 1/6 of that. How is that possible? The company and economy are not in worse shape
paul planet earth: Agree Thomas the Board see no reason to sell the bank below its true value..£3 billion of cash easily funds rate setter, credit card, and insurance products for expansion and the digital platform puts the bank ahead of its peers. The focus on small business and community banking places Metro in a unique position 👌...Dan could have flogged the bank at 150p sold his 55p share holding making a tidy sum and either walked away after a bonus or stayed and led a now privately owned bank had Carlyle succeeded...Instead he and the board showed integrity putting share holder value and investors first and clearly demonstrated that Metro is not financially challenged and will not accept low ball unrealistic offers.. A 25 bps interest rise expected in December adds circa £50m to Metro's bottom line, I expect 2-3 interest rate hikes over the next 12 months with Metro Bank back to profit. By December 2022 we may well see the share price double from its current lows and then some on top.
paul planet earth: One issue is investor psychology after being battered by the last 3 years of issues this overshadows the turnaround efforts in cost cutting and changing the business strategy from one of taking customer deposits to rebalanced consumer lending mix by Dan and the leadership team and no doubt triggered Carlyle Groups investment interest.. Carlyle Group are no doubt looking to the future and not the past and possibly see Metro Bank as part of their wider strategy to gain a toe hold in the UK mid tier banking sector and start acquiring other banks to consolidate cutting costs and boosting profits by gaining market share and benefits in a better position to take on the big 4 banks with more muscle and better consumer offerings and services. Economies of scale and scope add to the wider strategy that I believe Carlye are pursuing to shake up the UK banking sector. The strong economy, low unemployment, and expected interest rate hikes next year to stave off rising inflation all bode well for Metro Bank's new lending mix and launch of credit card and insurance products and services. Therefore they maybe amenable in making a bid offer that most Metro investors are pessimistic about due to long term ingrained psychology, in other words a pleasant suprise may await us at the end of this journey.
paul planet earth: From the Rights issue Investor they would want 500p..The current share price seems not to reflect this but is stable as if investors believe the bid will be low and even rejected hence price has not moved up. I see things differently investors psychologically are still looking at the difficult past with all its challenges while Carlyle Group look to the future and Metro back in profit in less than a years time on the back of rising rates, changes to lending mix, and release of Covid-19 provisions..They no doubt will see the MREL bond either paid in full from the £3 billion mortgage book disposal netting £47m and will use Metro to launch takeovers of other rival mid tier banks.. Hence I am revising my bid price to between 250p to 350p to reflect the current situation giving a market cap of between £400 to £600m..I would be surprised if investors accept a bid materially below 250p threshold especially the institutional investor's.
bobby semen: History Metro Bank in Sutton, London (top) and Borehamwood (bottom) Metro Bank was granted its licence by the Financial Services Authority on 5 March 2010, the first high-street bank to be granted such a licence for over 150 years.[4] It planned to open between 200 and 250 branches in Greater London within ten years of starting up.[5] Its first branch opened on 29 July 2010 in Holborn, central London.[6] In 2012, the bank raised an additional $200 million in funding from investors including Fidelity, Steven A. Cohen of hedge fund SAC Capital Advisors, and New York real estate investors the LeFraks and David and Simon Reubens.[7] In the same year, Forbes magazine reported that Metro's flagship Holborn branch had "...garnered $200 million in deposits, four times the total at the average mature American branch".[7] On 2 May 2013 the Daily Telegraph reported that, following a loss of £8.8 million in the first quarter of 2013, Metro Bank's pre-tax losses had exceeded £100 million in less than three years since its launch, but the bank stated that these were planned for,[8] and were "a result of its growth initiatives".[9] In an interview with the Financial Times, Hill said the bank was " line with the business plan to rapidly grow this company". He added: "Our primary goal is to expand the business ... and profit certainly will come".[10] Metro Bank increased its account holders by 50% in the first half of 2013 for a total of 200,000 customer accounts, including 15,000 business accounts. It was aiming to have 200 UK branches open by 2020.[11] In January 2019, Metro Bank admitted classifying a portfolio of commercial loans for capital purposes incorrectly, thereby failing to hold sufficient capital to meet regulatory requirements;[12][13] the error applied to around 10% of its loan book.[12] The miscalculation was identified through a review by the Prudential Regulation Authority (PRA) but Metro Bank erroneously gave the impression that the bank had identified the incorrect classification itself.[13] To correct the error in the capital classification, Metro Bank announced a £350m share issue and said it would reduce its growth plans. It was also reported that the PRA and the Financial Conduct Authority were to investigate the circumstances of the error.[13] As a result of the admission and the share issue announcement, Metro Bank's share price fell sharply, losing 40% of its value in the month after the announcement[14] and 75% in less than four months.[15] By March 2019, the BBC reported that Metro Bank shares were the second most shorted shares on the UK stock market.[16] Additionally, large depositors began withdrawing funds: Metro Bank admitted that there had been a 4% drop in its deposits in the first quarter of 2019 because of "adverse sentiment".[17] In November 2021, Metro Bank entered talks with the Carlyle Group concerning a possible takeover bid.[18] Services A Metro Bank debit card, credit card and cheque book issued in 2011 Metro Bank provides banking services to personal and business customers. It is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority.[19] Acquisitions and divestitures Metro Bank acquired SME Finance in August 2013, and rebranded the business as Metro Bank SME Finance in May 2014.[20] It was announced in August 2020 that Metro Bank had agreed to acquire Retail Money Market Ltd, a London-based provider of peer-to-peer loans trading as RateSetter. The price would be between £2.5 million and £12 million, depending on performance over the next three years. The purchase was subject to regulatory approval and the agreement of Retail Money Market Ltd shareholders, and was expected to complete in the fourth quarter of 2020. Metro Bank would continue the RateSetter brand and its operations, but new unsecured personal lending would be funded by the bank's deposits, not through peer-to-peer.[21] In February 2021, Metro Bank bought RateSetter's entire portfolio of loans, valued at £384m.[22] In February 2021, Metro Bank completed the £3.04 billion sale of a residential mortgage portfolio to NatWest. The deal was agreed upon in December 2020.[23][24] Management Founder Vernon Hill received the Institute of Economic Affairs' Free Enterprise Award in April 2013. The organisation cited him as "a remarkable entrepreneur who has identified a clear opportunity and entered the UK banking scene at a time when the sector has been under constant fire".[25] Craig Donaldson, the Chief Executive Officer, started his career on the Barclays graduate scheme in 1995.[1] Later he worked for the Royal Bank of Scotland where he met Hill.[1] Together they decided to set up a UK equivalent to Commerce Bancorp, and this idea grew into Metro Bank.[1] In 2015, Sir Michael Snyder joined Metro Bank's board with a view to developing Metro Bank's small business lending operations.[26] In October 2019, Hill stood down as Chairman. He was replaced by Sir Michael Snyder who was appointed Interim Chairman. Donaldson stepped down as CEO in December 2019, and was replaced by Daniel Frumkin from February 2020.[27] Senior leadership Chairman: Robert Sharpe (since November 2020)[28] Chief Executive: Dan Frumkin (since February 2020)[29] Former chairmen Anthony Thomson (2010–2012) Vernon Hill (2013–2019) Former chief executives Craig Donaldson (2010–2019)
dealy: What about all the crazy private equity market deals on Fintech companies like Revolut and other garbage? The problem here is that Metro is massively undervalued compared to the private challenger banks (probably because it once burned investors with an error and investors refuse now to consider it as a possible investment, irrespective of valuation)
hazl: It is true of course that being an investor is different to being a customer. But aren't we really both? Investors have bank accounts too. What do we want? Do we want to keep rewarding unethical banks or do we want to support Challenger banks? Those that,in effect, consistently do what's right for their customers and provide a physical store, where you can talk to real people about your requirements? I don't know all the answers but the chart has show an improvement lately,along with the sector.
hazl: Some investors complain but I would say they are lucky to get their money back.
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P: V: D:20211203 17:39:42