Metro Bank Share Discussion Threads

[smartie6] 11/3/2020 15:36

The whole of the U.K. is fkd.
Nice.

[smartie6] 11/3/2020 15:34

Have you seen the ftse now?
Big call from Smartie this morning. As always right.

[make_some_noise_4_dartford_boys] 11/3/2020 15:33

SR,

I think most of members must have gone short:

I think now you’re not alone.

No brainer going short now

[sentimentrules] 11/3/2020 15:16

SPARTANS

TONIGHT WE DINE BELOW HELL ...

[amaretto1] 11/3/2020 15:15

Oil stocks could bounce .. agreement in offing ! If u believe the grape vine.

[amaretto1] 11/3/2020 15:14

Don't rate banks at all .. could plunge from here.

[amaretto1] 11/3/2020 15:13

I was being sarcastic !

[make_some_noise_4_dartford_boys] 11/3/2020 14:11

Long walk away from equities he means ?

[sentimentrules] 11/3/2020 14:07

Long what?

[amaretto1] 11/3/2020 14:05

Budget was very good for longs !!

[make_some_noise_4_dartford_boys] 11/3/2020 13:30

Shorting 95% share is no brainer.

Why anyone buy in this market is beyond me.

Sit on cash or short indices or utilities or Airlines or financials.

I mean pick anything for short

[cantrememberthis2] 11/3/2020 11:59

Transcript:
I think the asset sale thing is an interesting debate and we're having it right now and those are live conversations. It's not like we're having, 'Oh we should think about asset sales'. We've crawled all over the balance sheet to figure out what we might sell, what we might not sell, what it looks like, what it does for the business going forward what it does - the whole thing and what bids we can get and the bids versus what we can actually earn off the assets and the math isn't hard, right?
At the end of the day holding it requires you to generate a certain risk-adjusted return on capital and selling it means that you free up capital that you can reinvest, it's a simple corp dev kind of a conversation and we're having that now and we're having lots of conversations as you should expect and we'll see. Do I think you could have run the balance sheet more effectively over the last couple of years at Metro? Honestly, I think every analyst in the room would tell you yes, so that's not a huge surprise and we'll just try to be more disciplined, but I'm not telling you now that we will sell stuff because honestly, if somebody wants to bid 101, all day long. If somebody is going to bid 93, maybe not so much. So, we've got to work through the process and figure out because there's no right answer until I know actually what I can sell it for, so I think that's the asset sale piece.

[idoflykathy] 11/3/2020 11:55

Increased my Metro short this morning at 118p - now sat on £1,500 PP at avg. of 116.5p. DONOTFLY HAS DECLARED. PREPARE FOR SLAUGHTER GERBILS!

[idoflykathy] 11/3/2020 11:53

Get very for the crash ladies and gents

[smartie6] 11/3/2020 11:12

SR, from here on in they are firing blanks. Today the UK has gotten a whole lot poorer.

[sentimentrules] 11/3/2020 11:09

CV here for 2020 minimum according to the kindest forecasts

all the markets can hope for is only one peak and sustained levelling out

But hasn't the virus highlighted the weakness in everything else in the market system????

Global downturn - only a question of how long they can make it "not official" through desperate measures

[smartie6] 11/3/2020 11:01

Near on 100% increase and back to parity.

[smartie6] 11/3/2020 11:00

Happy birthday metro bank.
This time last month you were 217p.
Now 117p.
Well done all you lucky investors.

[smartie6] 11/3/2020 09:59

This temporary position isn’t temp at all if you think of the time it will take for sales to comeback to level on the assumption that Coronavirus only last 3months. Thereafter there’s a delay in cash coming in. You’re looking at a 6month position before cash starts to be generated again if these SMEs aren’t factored.

[idoflykathy] 11/3/2020 09:57

And that's before the virus has even appeared!!!

[idoflykathy] 11/3/2020 09:57

Today’s GDP report shows clearly that Britain’s manufacturers have been struggling for months