Metro Bank Share Discussion Threads

[smartie6] 06/3/2020 11:49

Skrrrr, they aren’t, hence the growth plan suspended, job cuts, etc. Etc.
Realisation that the high street is redundant.
Next thing on the horizon will be dilution before death of the company if you ask me. Death of the company may even come first if there is a run. Which I’m half expecting if honest.

[skrr223] 06/3/2020 11:46

There was a greater chance of a TO with the previous Ceo in charge. But with a new Ceo, they'll be out to make a name for themselves and spin a rosy picture of 5 years in the future. In this case, its clear the bank has no future as is, I refuse to believe that management are blind to that

[sentimentrules] 06/3/2020 11:40

Market never believed a sale on the cards here too. Well their money never believed it anyway

[thetoonarmy2] 06/3/2020 11:39

And now? After your previous post about us holding resilient you. :)

[smartie6] 06/3/2020 11:37

Do you know Skrrrr, I never believed that there was any sale lined up. Call me naive but I just didn’t believe it, especially with the management team in charge.

[tomboyb] 06/3/2020 11:33

I'm trying to be subtle -

[skrr223] 06/3/2020 11:33

Smartie, my suspicion on the 26th was that a sale had fallen through and they were free-wheeling it on a cigarette packet strategy. This is looking increasingly like the case. Should have announced an intention to sell the bank on 26th, but they thought they could resurrect Lazarus

[the old man] 06/3/2020 11:33

SR, is it time to short hand sanitiser Gel companies?

[smartie6] 06/3/2020 11:31

Tomboy, you’re about a year too late to this board.

[tomboyb] 06/3/2020 11:30

Out of all the banks this is quite difficult to fathom -

Maybe there is a problem with its business model which shorters are eyeing up -

Service for this bank is exceptional imho but will that cut it? -

[smartie6] 06/3/2020 11:30

Do you think so skrrr, I’m now of the opinion we were all deluded.

[skrr223] 06/3/2020 11:28

Glad I exited at a small loss on 26th, this is unbelievable whats happened to this bank. The new CEO and his strategy have bombed imo, needs to be a forced sale at distressed valuations. Terrible, this had potential at one point

[smartie6] 06/3/2020 11:22

What a liar you are PPE, if you admitted how much you are underwater then I’d respect you.
I’m not shorting but I guess we feel that anything service related is going to take a hit. Energy too, but wouldn’t recommend either way. I’m personally watching Cineworld at moment, mainly out of interest as I go there from time to time.
I’m loving how resolute Tesco has been.

[amaretto1] 06/3/2020 11:22

Normally very quiet Friday morning

[amaretto1] 06/3/2020 11:21

Were of all these lunatics turned up from ?

[sentimentrules] 06/3/2020 11:21

Il go after midnight. Tesco restock by 1130pm. And the supermarket is mostly yours at that time

So get the essentials stocked up before all the drama queens buy it out

[amaretto1] 06/3/2020 11:20

Absolutely rammed !!

[amaretto1] 06/3/2020 11:19

Just been food shopping ..... can safely say, panic buying as started !!! Worrying

[sentimentrules] 06/3/2020 11:14

QE in early.

Slaughter expected later by the Fed's etc I think

[paul planet earth] 06/3/2020 11:13

SR...metro, no maybe later waiting for Fed next move..FTSE down 3% still falling, just a mess of panicky investors and funds, feels like 2008 all over again, bloody idiots.. Gold etf doing well though. Could get burnt both sides of the equation shorts and shares, very messy.

[pione3r] 06/3/2020 11:12

Right, shorting Hammerson at 184. MTRO at 128 if it hits.