Metro Bank Share Chat (MTRO)

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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

Date	Subject	Author	Discuss
29/10/2018 11:16	Looks like a bottom in after the sell off, bargain hunters around in the banking sector	ny boy	Read Full Thread Reply
25/10/2018 11:17	Just checked back....IPO price of 2,000p per share.	ny boy	Read Full Thread Reply
25/10/2018 09:39	Not sure what the original listing price was a few years ago but can’t be far off?	ny boy	Read Full Thread Reply
24/10/2018 08:29	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	Read Full Thread Reply
24/10/2018 08:01	Another leg down?	tsmith2	Read Full Thread Reply
24/10/2018 07:39	closed my short too soon!Still a profit is a profit - good luck all	countless	Read Full Thread Reply
20/10/2018 12:58	however, will keep onmy watch list as i look for some more good shorts	countless	Read Full Thread Reply
20/10/2018 12:57	looking at the chart feel this could swing up a bit now so took profits	countless	Read Full Thread Reply
17/10/2018 16:59	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)	asagi	Read Full Thread Reply
08/10/2018 11:37	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.	countless	Read Full Thread Reply
03/10/2018 20:24	Well done with the profit dsct.	countless	Read Full Thread Reply
03/10/2018 15:27	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)	dsct	Read Full Thread Reply
03/10/2018 08:30	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.	countless	Read Full Thread Reply
03/10/2018 08:00	spot on countless. Asagi (short MTRO)	asagi	Read Full Thread Reply
02/10/2018 09:21	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.	countless	Read Full Thread Reply
24/9/2018 07:51	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.	countless	Read Full Thread Reply
30/8/2018 01:44	Https://www.telegraph.co.uk/business/2018/08/20/high-street-banks-could-go-way-department-stores-says-hedge/ Odey new target banks. Https://shorttracker.co.uk/company/GB00BZ6STL67/ Please do your own research.	qantas	Read Full Thread Reply
25/7/2018 07:47	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.	frazboy	Read Full Thread Reply
25/4/2018 07:50	Do they still offer dog snacks?...	diku	Read Full Thread Reply
23/4/2018 07:35	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	Read Full Thread Reply
22/4/2018 20:30	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	Read Full Thread Reply
22/4/2018 02:45	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	Read Full Thread Reply
21/2/2018 21:42	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).	dsct	Read Full Thread Reply
05/9/2017 16:41	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	Read Full Thread Reply

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