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Share Name Share Symbol Market Type Share ISIN Share Description
Metro Bank LSE:MTRO London Ordinary Share GB00BZ6STL67 ORD 0.0001P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +53.00p +3.02% 1,810.00p 1,808.00p 1,812.00p 1,813.00p 1,745.00p 1,750.00p 86,375 10:08:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 301.9 18.7 12.8 141.4 1,762.77

Metro Bank Share Discussion Threads

Showing 26 to 49 of 50 messages
Chat Pages: 2  1
Looks like a bottom in after the sell off, bargain hunters around in the banking sector
ny boy
Just checked back....IPO price of 2,000p per share.
ny boy
Not sure what the original listing price was a few years ago but can’t be far off?
ny boy
Chart looks ugly, doubt time to get long yet as fallen out of the bottom of the down trend channel, I put these on my watch list but more into buying a Barcs for a trend reversal this quarter at the moment.
ny boy
Another leg down?
closed my short too soon!Still a profit is a profit - good luck all
however, will keep onmy watch list as i look for some more good shorts
looking at the chart feel this could swing up a bit now so took profits
a lot of air has come out of this one but there is still more left inside! 2018 EPS consensus 12m ago: 70p today: 53p 2018 P/E 49.1 2019 P/E 26 price to tangible book: 2.78x it could halve from here and still have downside left. Asagi (short MTRO)
Interesting article in this weeks IC. It states that any cooling in new mortgage may add to pressures in an already competitive mortgage market. Some challenger banks have already blamed a reduction in consumer demand for squeezing mortgage lending yields during the first half year. I think this is one reason why profit from MTRO mortgage book is already down in the last six months - that trend I think will continue. IC goes on to say the impact of a significant fall in house prices would result in in a negative impact on revenue performance and higher impairments. This is very relevant to MTRO given that their profit margin is so slim. Just £24m in 6 months. Further, banks would be required to increase capital requirements so MTRO would have to consider seeking more debt or dilute shareholders once again.
Well done with the profit dsct.
I bought MTRO 2.5 years ago, mainly as a happy customer with some funds to 'park', and expecting the shares to be a steady riser - although not my normal area of investing, as bank (and insurance co.) shares seem difficult for me to comprehend. From my <2200p purchase I saw the share price top 4000p, and subsequently fall below 3000p - obviously I don't use stop-losses ! lol. I sold out at the end of last month, for a 36% profit - not too shabby I suppose. I'm sure the company will prosper, and I'll be watching from the outside now, to see how they're getting on. GLA - holders and shorters alike :o)
Thanks Asagi. It seems the profeesionals also agree MTRO shorts currently stand a 4.88% up deom 1.5% at the start of this year. I cannot see any short position in Barclays or Lloyds. Looking at this very very simply I just cannot get my head around 61 retail units being awarded a value of near £3B. Especailly for a business that keeps increasing the number of shares to help open expensive branches that are not desirable to their competitors. Something has to give.
spot on countless. Asagi (short MTRO)
I can see why they Share price is falling here. MTRO is valued at some £2.7B with 61 branches and 20 in the pipeline, which in part are being funded from profit (before tax - £24.1m in the last six months). Compare this with Lloyds and you cannot help but think that the MTRO current valuation is way too high. Although they are growing at an impressive rate I wonder if things are all rosy. Loans are growing more than despots and therefore require expensive funding, whilst at the same time the amount of profit from their mortgage book is falling as competition bites – some 6.5% fall in six months from mortgages, which represent 65% of their lending booking (standing at £7.6B). This book is funded by deposits and looking at their last set of results 31% is sitting on their current accounts (£4.2B) – cheap but the easiest to take flight. Operating costs are up some 33% at £161m for the last 6 months. I also find it interesting that MTRO say they now have 1,418,000 accounts whilst Lloyds, and all the other large banks, talk about customers who will hold more than one account. Growth is being fuelled by shareholder dilution – some 10% this year and about the same last year. Worrying given that promises were made that a share placing would not occur this year to help support growth. Something tells me this pattern will continue. MTRO are opening expensive branches that will not be attrative to a competitor who in this day and age are all about reducing costs and reducing their expensive branch net work. I therefore think this will fall a lot futher. To me this smacks of twitter and snapchat - a high valuation that is not attractive in a crowded market. A business that offers more of the same.
Market Cap T/O Net Income Enterprise Value Fwd PE MTRO 2971m 352 8.4x 22 135x 1227 34.7 VM. 1756m 674 2.6x 195 9x 909 11.1 BGEO 923m 296 3.1x 131 7x 1401 6.2 CYBG 2933 m 1042 2.8x 76 38.6x 1496 12.1 MTRO is very expensive and continues to issues shares – some 8.8m a few days ago – to help open more branches when the trend is to close. Fully understand want a foot print in highstreets but this comes at a cost, which could see shareholders further diluted. I am not convinced a branch net work is the way forward, especially one that is not self-funded. The price to obtain the network seems too high - even with recently declared six months profit of 24.1m at 67.7x market cap is way off its peers.
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who paid £34.2 per share for these last night? must be a little sore, or, were they expecting a mark up this morning on those HY results... the numbers seem to be going the right way, but that (understandable) reduction in ROE for 2020 wasn't exactly a winningcard, and the profits are flattered by security sales. Good call by the shorters.
Do they still offer dog snacks?...
But his track record was established long before Metro was created - and certainly anybody who did any research prior to the flotation would have been aware of the manner in which he ran his businesses. No story really - if you don't like it then don't invest.
future financier
I suppose since they dont have the FCA crawling all over them every five minutes with various previous deeds, they are able to run riot with nobody able to keep them in check.
my retirement fund
Just been reading the Telegraph about the Chairman. Gobsmacked that the other Directors think it is acceptable behaviour. Total corporate greed especially as he has £110m of shares as well. If I had an account with Metro Bank I would be closing it as the corporate governance looks to be sub-standard to me.
rock star
A bit quiet on this thread ! 2017 YE prelims today and shares were down 8% at one stage, but finished -3%. Not sure what investors were expecting, but the headlines looked good, and the drop appeared unwarranted. Will need to re-read to make sure I've not missed any nasties. Huge P/E looks disconcerting at first glance. Held from a few days after listing at <£22.00. A happy customer and liked their ambition, so a LTBH for me. 2017 Full Year Highlights -- Record Deposit growth of GBP3.7b; up 47% year-on-year to GBP11.7b. -- Net deposit growth per store per month of GBP6.3m ($8.6m); GBP76m ($103m) growth a year. -- Record Lending growth of GBP3.8b; up 64% year-on-year to GBP9.6b. -- Record underlying profit before tax of GBP20.8m(1) compared to underlying loss before tax of GBP11.7m in 2016. -- First annual statutory profit before tax of GBP18.7m. -- Underlying earnings per share 18.8p vs. 14.7p loss per share in 2016. -- Record Asset growth of GBP6.3b; up 63% year-on-year to GBP16.4b. -- Record 302,000 increase in customer accounts to a total of 1,217,000. -- Brand recognition in London has increased to a record 89% (from 84% in February 2017).
Only use their debit card for Europe to do all my shopping etc as no transaction charges, so good for that but not my main bank.
ny boy
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