Metro Bank Share Discussion Threads

[idoflykathy] 26/2/2020 16:47

"So what's left in terms of bad news suppose just the FCA when they get around to it sometime this century don't seem to be in too much of a rush...Well we don't want to kill off all the competition to the big 4 banks do we now."...they don't have a strategy that will ever make a profit. They can get deposits with branches, but loss making.

[sentimentrules] 26/2/2020 16:46

Be finding out what it is soon enough

As it stands it just trickles down to 100p anyway

But that wasn't the action of no news imminent

Masters

[paul planet earth] 26/2/2020 16:45

So what's left in terms of bad news suppose just the FCA when they get around to it sometime this century don't seem to be in too much of a rush...Well we don't want to kill off all the competition to the big 4 banks do we now.

[idoflykathy] 26/2/2020 16:43

Then sold all at £8K loss.... went all in Lloyds instead at 51.85...safer share having fallen 18.3% since start of year

[sentimentrules] 26/2/2020 16:43

I didn't have time for conference but others had.

They said they couldn't believe that this was supposed to be a new strategy for growth and competitiveness

Of course market agreed with record low..

If anyone thinks funds dumped to buy back 2 min's later..sadly mistaken. Not how they operate

All that buying for five hours. ..and they couldn't come within 80% of the fund dump

Pure gerbil buyers in lowest volume period

100p easy in march

Forget 126

[amaretto1] 26/2/2020 16:43

Any one else prices not updating on here ?

[bargainbob] 26/2/2020 16:42

Idoflykathy , it is a good base based on last few years got as low as
48 p last year. Up to a high of 73p at election.

The CEO also confirmed the budget should be positive for Lloyds .

[paul planet earth] 26/2/2020 16:42

Sorry was there supposed to be an apocalypse or full solar eclipse because Metro share price down just 2% at close...so much for our Spartan SR probably armed with a pink fluffy duster!

[idoflykathy] 26/2/2020 16:41

"Bottled the buy Kathy? Thought you were short?"
Closed my bloody short and went long at 192.8!!!!! DAMN!!!!

[idoflykathy] 26/2/2020 16:40

Did you hear the conference today? What do you think of the "best community bank' strategy? a) Just sell more products to existing customers. b) train our staff better c) More to a less fancy london HQ d) Raise additional £500m MREL at decent rate

[sentimentrules] 26/2/2020 16:39

Bottled the buy Kathy? Thought you were short?

[idoflykathy] 26/2/2020 16:34

Thanks BB. I appreciate the strategy! 51.85p[ a good enough base price?

[bargainbob] 26/2/2020 16:30

Could go mid forties , covered by the divi that is 2 times covered . No ppi and possible 500 million ppi write back . It will be tough out there given events . One to drip feed into over the year .Now you have the base in place . Sell some on every major rise . Keep knocking that few pence of your buy price.

[bargainbob] 26/2/2020 16:28

Broker Forecast - RBC Capital Markets issues a broker note on Metro Bank PLC
By BFN News | 02:00 PM | Wednesday 26 February, 2020

Factsheet Metro Bk PLC Ord0.0001P (MTRO)

RBC Capital Markets today reaffirms its sector performer investment rating on Metro Bank PLC (LON:MTRO) and cut its price target to 290p (from 410p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

[long_and_short] 26/2/2020 16:27

Thanks SR, Pione, Smartie; Kathy, Bob, planet, old man and all who helped.
And yes good man robin.
Special thanks to CUD

IM already having a pint and I want you all to have one on my behalf:

Love love
Marie

[idoflykathy] 26/2/2020 16:27

Well done Marie - played it well. I'd be saying the same thing had I bought back in at the bottom, but just felt like too big a gamble as I don't buy the new strategy. Just did not see a 22% rise coming! DAMN!!!

[idoflykathy] 26/2/2020 16:26

Thanks BB - so you think my capital is safe enough at 51.85 even with Corona pandemic? How low would Lloyds get hit? And in any event, how safe is the divi in worst case?

[bargainbob] 26/2/2020 16:26

Well done Long and Short.

[idoflykathy] 26/2/2020 16:24

SR - now that I have a newfound respect for you. Why the rise today? I sat finger on the button at 160 to go back in, but bottled it. Then I watched the trade run away from me for the entire day. Managed to resist jumping in when it was nearing my higher exit point, but resisted. I bailed today for one reason and one alone..... Dan didn't seem to address the £500M additional MREL issue very well. Glossed over this. Also the more revenue from existing customers was very vague and unconvincing. Didn't address how they would be competitive if the new products are cheaper elsewhere.

[bargainbob] 26/2/2020 16:24

I see them as a takeover at any price . Scottish widows is the jewel in the crown a lot forget about it.

They do not make the top ten banks in the world . Not surprised if there on someones shopping list . The share price gets hit with political and world ecomony woes hard .
The good news is it always gets back. A great rinse and repeat stock , i sell 30 per cent of holding on every 20 per cent rise. Buy back lower . The rest i keep as divi payers .

[chinese investor] 26/2/2020 16:23

Well Done L&S !