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MTRO Metro Bank Holdings Plc

32.25
0.15 (0.47%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Metro Bank Investors - MTRO

Metro Bank Investors - MTRO

Share Name Share Symbol Market Stock Type
Metro Bank Holdings Plc MTRO London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.15 0.47% 32.25 16:35:09
Open Price Low Price High Price Close Price Previous Close
30.85 30.85 33.00 32.25 32.10
more quote information »
Industry Sector
BANKS

Top Investor Posts

Top Posts
Posted at 28/3/2024 12:54 by institutional investments
When that debt decreases or increases , which is good in metro bank terms for today?

Neither. Decrease is a sentiment killer and increase is bigger capital debt plus big interest to pay

There is nothing for investors here
Posted at 19/3/2024 14:50 by vlad the impaler
Not much difference at these prices, to investors 😂
Posted at 14/3/2024 03:58 by bones698
As I predicted has continued to fall and the reuakts do little to paint a good picture here. About as clear as mud and still loss making even with large coat savings. If they are struggling to make a profit now then if things go bad this will get hammered even more.
Lack of clarity on current cash position, something I spotted last time, they seem very keen to keep such info from investors which to me says there could be more shar issues coming.
Glad I stayed well away from. This and now job cuts etc likely to impact turnover etc. I expect to see this head to 20p in the coming months.
Posted at 11/3/2024 22:28 by institutional investments
Tbf though, they stepped in just in time to protect investors at circa 35p
Posted at 08/3/2024 09:34 by thomas4billing
As we gear up for the Metro Bank results announcement on March 13th, it's hard not to be optimistic. With strategic cost-cutting measures and the tailwind of high interest rates, we're potentially on the cusp of a bullish run. Stay tuned and keep an eye on the market - this could be a game-changer for investors!
Posted at 22/2/2024 09:47 by vlad the impaler
You poor souls

We all know you are not investors

From Nobbygnome t Paul to clones

Most investors would have shot themselves years ago

However, we still have this underlying issue

What were those lads actually doing ?
Posted at 12/2/2024 13:35 by thomas4billing
Title: Anticipating Strong 2023 Results from Metrobank: A Bullish OutlookAs an avid follower of Metrobank, I've been closely analyzing the recent dynamics and trends surrounding the company, and I'm highly optimistic about what's on the horizon. The current share price of Metrobank, in my opinion, doesn't fully reflect the potential upside we're likely to witness, especially considering the significant cost reductions implemented in the last quarter. This strategic move is a strong indicator of a more efficient and leaner operation, which should translate into healthier bottom-line results.I'm particularly excited about the upcoming RNS announcement expected on March 13th, 2023. Given the cost-cutting measures and the overall direction of the company, I anticipate very positive news about the 2023 results. Such announcements often act as catalysts for stock prices, and with the current underappreciation in the market, this could be a pivotal moment for Metrobank.Another factor that reinforces my bullish stance is the leadership change, with the company now under the guidance of Jaime Bacal, an experienced banker with a track record of success. Bacal's expertise in the banking sector provides Metrobank with a strategic advantage, particularly in navigating the complex financial landscape and capitalizing on new growth opportunities. His leadership is likely to usher in a new era of financial discipline, innovation, and market expansion.Investors should also consider the macroeconomic environment, which appears to be stabilizing, and Metrobank's strong position within the industry. The banking sector, historically, has been a strong indicator of economic health, and as such, a well-positioned bank like Metrobank could stand to benefit significantly from any upturn in economic activity.Lastly, the period leading up to the announcement of the annual results is often ripe for accumulation, especially by those in the know. With the share price currently at a point that seems to undervalue the bank's potential, this could be an opportune moment for investors to consider Metrobank as a key addition to their portfolios.In conclusion, considering the strategic cost reductions, the anticipation of positive news on March 13th, the leadership of Jaime Bacal, and the overall market conditions, I am very bullish about Metrobank's prospects in the near future. As always, investors should conduct their own due diligence and consider their investment goals and risk appetite when making investment decisions.
Posted at 21/1/2024 08:39 by paul planet earth1
Jenie20 Jan '24 - 20:36 - 90586 of 90604

"What's currently underpinning Metro share price?"

Metro Bank is profitable and cash generative so despite the recent recapitalisation to cover historic losses the banks profits have been growing on the back of a rising interest rate environment. Banks make most of their profits on the back of the spread or NIM 'Net Interest Rate' margin between interest earned on lending less that paid on deposits. The higher the interest rates rise the bigger the spread and hence NIM.

Most of the fixed cost base that is 70% of lease costs of the branch structure are covered by security lock box revenues with Metro Bank Number 2 market player in the industry.

Labour costs are dramatically being cut by 20% or 800 staff and opening times reduced from 7 days to 5.5 days which is a very sensible move aligning Metro Bank's cost base with the industry average.

Market cap is a mere £250m for a bank handling £20 billion of assets. Similar sized banks market cap would be closer to £800m.

Metro Bank has drawn the interest of several other banks looking to acquire it but no doubt any offer was deemed too low.

Gilinksi owns 53% of Metro Bank having invested £103m and saw the opportunity to step in..The issue here is that on the one hand he is a seasoned financial services investor having entered and disrupted other bank markets through acquistions, mergers, and aggressive cost cutting and growth..

On the other we as investors don't know his long term plans be it take the bank private on the cheap in a year or so although institutional investors nursing large historic legacy losses may resist, dump his shares over time on retail as the share price recovers, or grow the bank through a combination of aggressive cost cutting and acquiring similar sized mid tier banks given the already highly competitive nature of the bank market with a view to sell on Metro Bank to a much larger bank rival in future at many times his current average holding price of 40p.

My view is the later he wants to keep Metro Bank listed, grow the bank as stated with a big acquisition, and sell on in 2 to 3 years time to a much bigger rival.

This appears to his modem operandi that he has used on several occasions in both other bank markets and other non bank markets.
Posted at 13/12/2023 12:42 by institutional investments
Old investors no good of course. As soon as buy, you are instantly useless

New investors required, to become instantly useless as well

Savers are great. We all love savers. I am wondering what operating product pays the return to them that isn't extreme risk in today's macro
Posted at 06/10/2023 14:06 by tomboyb
Just out -



Metro Bank bondholders offer lender £600mn capital package
Group made proposal after bank suffered setback in effort to secure regulatory relief on mortgage business


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A group of Metro Bank bondholders contacted the UK lender’s board on Monday offering a £600mn capital injection, but the company has yet to accept the offer, according to two people familiar with the matter.

The challenger bank sent representatives for the consortium of bondholders a letter on Friday morning that acknowledged the offer, which is still on the table, according to one of the people. The bondholders’ offer came before Metro approached investors this week about a separate fundraising plan for a similar amount to shore up its balance sheet.

Existing investors, who could lose money if the bank fails, are looking to bolster its capital position and avoid it running into difficulty.

The investors, who are being represented by investment banking boutique PJT Partners, made the proposal after Metro last month announced an indefinite delay to UK regulatory approvals that would have significantly reduced the cost of its mortgage business.

Its share price plunged 50 per cent in the weeks following the disclosure of the delay that meant that approvals for regulatory relief to reduce capital in its mortgage business would not come until 2024, and might not come at all.

Shares in Metro were up roughly 30 per cent in early afternoon trading on Friday, rebounding from steep declines over the previous two days, but are still down more than 10 per cent for the week.

Earlier this week, Metro was put on negative watch by rating agency Fitch, which cited increased risks to its business model, capital position and funding of the company.

On Wednesday, the Financial Times reported that the bank had hired Morgan Stanley as it sought to raise up to £600mn to shore up its balance sheet. Morgan Stanley was seeking interest from investors about raising £250mn in equity funding and £350mn in debt, with the bank under pressure to refinance £350mn of senior bonds by next October.

The offer from the bondholders matches this package, according to the people with knowledge of it.

Metro Bank has hundreds of millions of pounds of debt that can convert into equity under so-called bail-in rules if the bank runs into trouble. It has to refinance £350mn of this debt by October 2024, when that bond can no longer be counted towards a key capital buffer, known as MREL.

On Thursday, Metro said it was considering a range of options, including a combination of equity and debt issuance, as well as refinancing and asset sales.

Metro, PJT, the Financial Conduct Authority and Prudential Regulation Authority all declined to comment on the bondholders’ proposal.

Metro has sounded out rivals, including Lloyds Banking Group, NatWest and HSBC, about buying a third of its mortgage book to help bolster its balance sheet.

Analysts cautioned that selling a part of its mortgage book may not be enough to address the bank’s problems.

An asset sale would “merely [kick] the can down the road and doesn’t address the fundamental issue that the bank is over-costed and lacks scale”, said Gary Greenwood, analyst at Shore Capital.

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