Metro Bank Investors - MTRO

Metro Bank Investors - MTRO

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Metro Bank Plc MTRO London Ordinary Share GB00BZ6STL67 ORD 0.0001P
  Price Change Price Change % Stock Price Last Trade
0.70 0.61% 115.50 16:35:24
Open Price Low Price High Price Close Price Previous Close
113.00 113.00 119.10 115.50 114.80
more quote information »
Industry Sector
BANKS

Top Investor Posts

DateSubject
16/4/2021
12:23
sentiment riles: Apart from going up in November with the sector rally that month, it has failed to do anything in the consolidating following 5 months period since, bar lose circa 30% of its share price value it's downtrend cycle continues im afraid. There was no uptrend., Just a sector spike, from which it has diverged from by about 50% .......... No matter what way you look at it, this is the reality for investors, given share price is primary P&L driver
14/4/2021
17:42
qantas: Sterling was trading above the waterline as well, last rising 0.31% on the dollar to $1.3793, and strengthening 0.1% against the euro to change hands at €1.1519. Sentiment was lifted as Wall Street opened earlier in the afternoon, with a number of banking plays kicking off earnings season stateside with results ahead of expectations. JPMorgan, Wells Fargo and Goldman Sachs all reported solid numbers, ahead of what market watchers had pencilled in. "The positivity in US bank stocks has not really permeated across the Atlantic, with only Barclays seeing any real bullish read-across from today's earnings," said IG chief market analyst Chris Beauchamp. "UK-focused names NatWest and Lloyds have been quiet for most of the day, although the general bullishness on global banking stocks among investors is still evident."
14/4/2021
13:03
sentiment riles: ie same bet same rtn expectation, for all that extra risk and no div cover for income investors to come in and save you before stop out Totally pointless here
07/4/2021
18:54
sentiment riles: Official... If you don’t believe it, ask 99% of investors it ever had Trading different but for most investors, a proven pig About to get worse
31/3/2021
12:56
sentiment riles: What is the real difference between a good trader and investor? Seriously.. None. They both time well. More importantly, the sell side A trader may do it more often. is about it Both sets, are speculators. And if no good, gamblers The term 'Investor' should not fool most For i know traders that are on market pulse, in a way most investors could not even comprehend. Far more intelligent, for the most part. Always be an exception. But very few
07/3/2021
19:56
sentiment riles: RATESETTER 2017 "The peer-to-peer lender Ratesetter has been hit by £80m of struggling loans in the first major setback for the nascent online lending sector. The company said it would use its own funds to prevent losses being taken by its 50,000 users, who are mostly small investors using the website in order to lend their savings to other individuals and benefit from higher interest rates than are available at high street banks. Some £2bn has been lent through the site, which currently promises returns of up to 4.7%." ...... Oh maybe thats why MTRO sold the mortgage book? To have some cash to cover FUTURE investor losses
14/2/2021
18:34
sentiment riles: Be no Div Cover re Income investors piling in here too....A cushion afforded elsewhere for value investors
09/2/2021
20:15
sentiment riles: Well good if on the piggy back. Not like it has income investors or value investors really They could easily dump hard before result. Any day
02/2/2021
07:53
hazl: Acquisition of RateSetter back book Accelerates strategic objective to enhance risk adjusted returns In line with its strategy of increasing its exposure to unsecured personal lending, Metro Bank PLC ("Metro Bank" or "the Company") today announces the acquisition of a portfolio of loans (the "Portfolio") from peer-to-peer investors who have invested through the Retail Money Market Ltd ("RateSetter") platform for a cash consideration of up to GBP384 million (the "Acquisition"). The exact amount is expected to be less as the Portfolio will continue to amortise between announcement and expected completion in April 2021, following a two month notice period for retail investors. The Portfolio had an aggregate book value of GBP384 million as at 29 January 2021, with an average total gross yield of circa 8%. The Portfolio consists primarily of unsecured consumer loans and is amortising rapidly, with an average weighted loan term of 2 years remaining. It is a well-seasoned portfolio delivering a consistent credit performance. The Portfolio is being acquired at par value. As announced on 18 December, the Company's pro forma CET1 ratio was circa 16.3% and pro forma total capital plus MREL ratio was circa 24.2% as at 30 September 2020. On completion, the Acquisition is expected to reduce the 30 September 2020 pro forma CET1 ratio by circa 0.6% and the pro forma total capital plus MREL ratio by circa 0.9%. Commenting on the acquisition, Daniel Frumkin, Metro Bank's Chief Executive Officer said: "The addition of this portfolio to our loan book is a further step towards growing our presence in the unsecured lending market. It builds on our acquisition of the RateSetter platform - a well-established business with a strong technology platform that is enabling us to rapidly expand our unsecured lending offering. We continue to deliver against Metro Bank's strategic priority of optimising our balance sheet and asset mix, whilst positioning ourselves to better serve customer needs as the UK's best community bank."
02/2/2021
07:08
bigbigdave: In line with its strategy of increasing its exposure to unsecured personal lending, Metro Bank PLC ("Metro Bank" or "the Company") today announces the acquisition of a portfolio of loans (the "Portfolio") from peer-to-peer investors who have invested through the Retail Money Market Ltd ("RateSetter") platform for a cash consideration of up to £384 million (the "Acquisition"). The exact amount is expected to be less as the Portfolio will continue to amortise between announcement and expected completion in April 2021, following a two month notice period for retail investors. The Portfolio had an aggregate book value of £384 million as at 29 January 2021, with an average total gross yield of circa 8%. The Portfolio consists primarily of unsecured consumer loans and is amortising rapidly, with an average weighted loan term of 2 years remaining. It is a well-seasoned portfolio delivering a consistent credit performance. The Portfolio is being acquired at par value. As announced on 18 December, the Company's pro forma CET1 ratio was circa 16.3% and pro forma total capital plus MREL ratio was circa 24.2% as at 30 September 2020. On completion, the Acquisition is expected to reduce the 30 September 2020 pro forma CET1 ratio by circa 0.6% and the pro forma total capital plus MREL ratio by circa 0.9%. Commenting on the acquisition, Daniel Frumkin, Metro Bank's Chief Executive Officer said: "The addition of this portfolio to our loan book is a further step towards growing our presence in the unsecured lending market. It builds on our acquisition of the RateSetter platform - a well-established business with a strong technology platform that is enabling us to rapidly expand our unsecured lending offering. We continue to deliver against Metro Bank's strategic priority of optimising our balance sheet and asset mix, whilst positioning ourselves to better serve customer needs as the UK's best community bank." The Portfolio is currently owned by a large number of retail investors through the RateSetter platform. Under the terms of the loan agreements, an agent acts as custodian of the loans on behalf of the lenders (the "Agent"). The Agent is RateSetter, which is a wholly owned subsidiary of Metro Bank, and, as such, is a related party in accordance with LR 11.1.4R (2). Due to the size of the Acquisition it will constitute a 'smaller related party transaction' falling within LR 11.1.10R. Accordingly, Metro Bank has obtained written confirmation from a sponsor that the terms of the Acquisition are fair and reasonable as far as Metro Bank's shareholders are concerned.
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