Metro Bank Share Discussion Threads

[phil2003] 06/3/2020 12:35

I think the FTSE is going to flush out the weak holders at 6,000..
I’m placing loads of buy orders accordingly..
There I’ve said it

[sentimentrules] 06/3/2020 12:33

Asked to leave lol - never rslly heard that expression before for a listed company board member

[sentimentrules] 06/3/2020 12:32

Metro Bank faces more turmoil over new risk chief [Palestine News Network]
The embattled high street lender Metro Bank has been hit by a fresh blow over the appointment of one of Britain's most experienced banking risk executives.

Sky News has learnt that Grahame McGirr, who has worked at Northern Rock, Barclays and the Co-operative Bank, left the company last week just days before he was officially due to become its interim chief risk officer.

The latest recruitment crisis to hit Metro Bank, which is being probed by the City and banking regulators over a 900m accounting fiasco that cast its survival into doubt last year, has emerged just two weeks after it appointed a permanent chief executive.

The precise circumstances surrounding Mr McGirr's two-week stint at Metro Bank were unclear on Wednesday.

Insiders say he had been lined up to formally replace Aileen Gillan, the lender's chief risk officer since 2013, on an interim basis from March 1.

A Metro Bank spokesman said, however, that he was "asked to leave" on 24 February after working there for just a fortnight.

[phil2003] 06/3/2020 12:30

Ha.. damn...
Pleeeeeeease?

[sentimentrules] 06/3/2020 12:24

Whats that?

[phil2003] 06/3/2020 12:22

SR, showing some humility!?! nice!

[smartie6] 06/3/2020 12:22

That would be a big call Thomas. Full respect to anyone that sees this as a winner and pulls it off.

[sentimentrules] 06/3/2020 12:20

Tends to be the case thomas lol.

[phil2003] 06/3/2020 12:19

I think Bacal have called it wrong..
Just to bring the £360k daily loss into sharper focus..

Metro FY 2019
Total Assets £21,400M
Total Liabilities £19,817M

[thomas4billing] 06/3/2020 12:16

When Majority agrees on something, time then for Sir SR to bet on opposite ;)

[smartie6] 06/3/2020 12:06

I think the majority of us agree. Fkd.

[amaretto1] 06/3/2020 12:06

For break up value.

[skrr223] 06/3/2020 12:06

Bacal may be trapped here having called it wrong

[skrr223] 06/3/2020 12:05

Factor in a possible recession, increased bad debts and a flight to quality and all bets are off

[thomas4billing] 06/3/2020 12:05

That did not scare Bacal to acquire over 8 percent of the Bank... as a start

[phil2003] 06/3/2020 12:03

I guess the key question here is how are METRO going to stop loosing £360,000 EVERY SINGLE DAY without shutting down their banks? (They won’t do because their business strat is OK, not my words)

Metro Looses over £2.5 Million each and every week and seems to have no hope of a turnaround (top brass says Metro business strat is OK, ie: no new ideas whatsoever)..

Anyone?
Genuinely interested how they beat the downtrodden (trad bank) competition?!?

[thomas4billing] 06/3/2020 12:02

Maybe the same who agreed to buy the 172 Millions but at another price ...

[thomas4billing] 06/3/2020 12:01

Who has bought today 3 Mu MTRO Shares ? Retail ? I doubt

[sentimentrules] 06/3/2020 11:56

Can do. Depends on other variables. But generally for most investors. .don't bet against

[skrr223] 06/3/2020 11:55

SR... you called this correctly. Never bet against a 9% short position is the lesson here

[skrr223] 06/3/2020 11:53

Smartie, would you be comfortable placing £100m deposit in a bank thats worth just over £200m having lost almost half its market cap in last 2 weeks?

[tomboyb] 06/3/2020 11:52

Apologises for the paper -

I was planning to go Costco tomorrow -

I may well be sprayed -

[smartie6] 06/3/2020 11:50

The panic of Coronavirus would seem a twinkle in the old eye, should a panic in respect of metro occur. Imo.