Metro Bank Share Discussion Threads

[sentimentrules] 15/4/2020 10:52

Just woke

In volatility terms of recent days.. it's hardly moved I see.

Not too far from my cover majority though 23485

Gold stopped out. Decent run

Now time for tullow bosrd

[smartie6] 15/4/2020 10:40

Could really do with seeing a 1000 pt fall today for the laugh.

[idoflykathy] 15/4/2020 10:35

I do not expect Dow to get back to 23750, but I’ve set my stop now at breakeven, so now £20PP in play with ZERO RISK!
All hail IDF!!!!!

[noveckingood] 15/4/2020 10:26

A good balanced and concise summary, the best I’ve read recently.

[smartie6] 15/4/2020 10:24

Need to DYOR Garth.
Take a look at some of the reports on the Bear market that CNN have produced over the last week or two. Frightening for investors if it rings true.
Worthwhile reading, then reading again.

[smartie6] 15/4/2020 10:21

Nobbygnome, we’ll see.
I charted big falls by the 5th May and have posted that continually for a few days now. And obviously been a bit of a laughing stock for those playing the long game.
Below 18000 should be seen before a further bounce after which the whole wide world will be fkd for 4years. Dow below 6000, FTSE below 2000 maybe even 1500.
Noveck, spot on again, crazy valuations, higher than the peaks and operations cut down significantly. FED are going to be responsible for losing a lot of money as well as investors demise.

[garth] 15/4/2020 10:20

Thanks for the comments on MTRO.

I have been looking on a very long term basis at the possibility of a recovery. Ie. What are the odds of it still being around in a decade, paying a divi, having recovered and made a capital gain alongside.

I am doing some light trading at present at the margins but really only on the side to building LTBH - a proportion of which with divi.

G.

[bargainbob] 15/4/2020 10:15

Is now the time to catch the Dow fall , now Kathy come early blew it.

[nobbygnome] 15/4/2020 10:13

I am talking about 1000 points down in the short term. I agree that a much bigger fall is coming in the medium term although I would hesitate to put a timeline on it. The market need to get the data to prove that the recession is going to be deep and prolonged which may take a while.

[noveckingood] 15/4/2020 10:12

agree, it will get worse the closer you get to the big tech earnings - apple and a few other valuations are bordering on hilarious in this downturn

anyway, shorting the dax has been fun since yesterday - FTSE is sub 5000 if you take out the oily rally.

there is knowledge on here but too many bipolar cokeheads spoil what could be a good board..

Later !

[smartie6] 15/4/2020 10:10

I gave it 14working days Nobbygnome. We have 12working days left.
I was looking at a retrace to below 18000.
Nice to see someone on the same page.
In time another SPARTAN?

[nobbygnome] 15/4/2020 10:08

I reckon we have a massive fall coming on the Dow either today or in the next couple of days. The FED intervention can't hide the ridiculous over valuation in the US considering the imminent massive recession.

[smartie6] 15/4/2020 10:02

I’m hoping for a 200 plus fall on the FTSE today once the US opens.

[smartie6] 15/4/2020 10:01

He was following the charts to be fair.
What the FED has done has skewed everything and the only thing that can bring back rationality in respect of prices funny enough if is a change in sentiment and panic.
The only solace I have is that the FTSE over the last 2days has been moving independently to the Dow and more importantly the NASDAQ.

[nobbygnome] 15/4/2020 09:58

Senti's post from last night which was wrong wrong wrong! He is such a loser with such a big mouth!

'24000 blown to smitherings tonight

24500 very feesible'

[smartie6] 15/4/2020 09:51

The consensus on this board is that it hasn’t a future.
The business model does not work, especially now we have a stay at home culture.
Loss making was forecast for the imminent future prior to the deep recession that we are facing. NIM was practically non existent.
At such times the response from hedge funds has always been, if you want to stay in an industry aim to trade up in quality, the ones with healthy balance sheets and cash have a better chance of survival.

As Noveck says, the only play on this appears to be a takeover in which you are gambling on a 33% upside. That said in today’s economy no one, imho, would take the risk in acquiring it. More chance of a run imo.

Please DYOR.

[noveckingood] 15/4/2020 09:49

depends whether you're a trader or an investor garth ?!

most uk facing banks are oversold on a 12-18 month view.

the markets have got a bit toppy again though, metro has it's own structural problems and is a punt compared to the others - it's purely a takeover play in the short/medium term..

[idontflykathyy] 15/4/2020 09:47

IDF 👏👏👌👌8514;😍

[idoflykathy] 15/4/2020 09:46

Dow - crash does crash!!!
Sr - hail IDF!!!

[idontflykathyy] 15/4/2020 09:46

Garth - but Lloyd. No brainer..

But why bank when you get super attractive shares out there!

[garth] 15/4/2020 09:21

Good morning,

I dip in and out of here. I have never really bought banks and see them, along with insurers and the tax payer as carrying a disproportionate cost of the outcome of all this.

All that said, I really cant get a handle on what you all think about MTRO as a banking investment. And, I'll be honest, I am finding it hard to make a judgement. Is there a viable business, or is it bust?

Responses should be interesting...

TIA.

G.

[smartie6] 15/4/2020 09:19

When the Dow starts today we could see a 200pt fall.

[smartie6] 15/4/2020 09:06

Should have been Lily’s.

[idoflykathy] 15/4/2020 09:05

Pion is a master manipulator. We’ve seen just how convincing he is. The flowers were a master stroke!

[smartie6] 15/4/2020 09:03

Barclays just broke 90p again.