Metro Bank Share Discussion Threads

[idontflykathyy] 27/5/2020 21:13

This is now easy money

Just go long

[pione3r] 27/5/2020 21:11

I may agree on that diku, that 3030 ESF was bloody important. took a gamble at 2970s as I expected big buyers. bounced like a kangaroo.

very very important finish today at 3030 just at the 200dma to confirm BULL. Once this line crossed and held, fireworks.

3100s first then another reversal then back up again. sweet short from 3100

[diku] 27/5/2020 21:02

Think revise that SPX to 3131...once big caps have been pumped watch the Russell 2000 pump...

[pione3r] 27/5/2020 21:00

woooooooooooooooooooooooooooosh Bullish close

SPX new target 3120
Dow 26000 then 28000

with lots of retrace of gap ups

it matters; tomorrow all stocks will be bold green

[idontflykathyy] 27/5/2020 20:54

Dow 😳

[spartan attack] 27/5/2020 20:26

jees never thought of that one. You had a nice trade there then

[diku] 27/5/2020 20:14

Dow tends to go up on rocket launch day...today Nasa SpaceX rocket launch...

[dexdringle] 27/5/2020 19:38

When I think about my losses here I'm made only slightly less annoyed by the thought that Vernon Hill had shares with hundreds of millions that are now worth less than £5 million. That's still £5 million more than I have though...

[cantrememberthis2] 27/5/2020 18:34

Metro Bank #MTRO
76p as of 27/5/20
Market Cap £131m
Book Value £1300m+
Circa 10% Price to Book Value

AGM Question and Answer Concerning Shareholders Equity

Q: Are Metro Bank considering coming back to Shareholders anytime soon to raise funds even though we have already faced an equity raise and dilution in May 2019?

Q: Is an asset disposal in the very near term, the preferred option to raise much needed funds due to COVID-19 losses than an Equity raise?

David Arden – Chief Financial Officer
“Our answer to this question is short.
We have, in short, no appetite to raise equity.
Metro Bank was well positioned going into the current situation.
We had just completed a comprehensive evaluation of the business.
Reported strong capital and liquidity metrics and we hold a low risk loan portfolio.

However, as you would expect we are mindful of the impact of COVI19 which has been and continues to be rapidly evolving and difficult to predict with any certainty.
As we set out in February, we would could consider potential asset disposals and other balance sheet optimisation initiatives in order to conserve our equity capital if needed and would make any assessment based on the best value for shareholders.”

[cantrememberthis2] 27/5/2020 18:32

Metro Bank #MTRO
76p as of 27/5/20
Market Cap £131m
Book Value £1300m+
Circa 10% Price to Book Value

AGM Question and Answer Concerning Shareholders Equity

Q: Are Metro Bank considering coming back to Shareholders anytime soon to raise funds even though we have already faced an equity raise and dilution in May 2019?

Q: Is an asset disposal in the very near term, the preferred option to raise much needed funds due to COVID-19 losses than an Equity raise?

David Arden – Chief Financial Officer
“Our answer to this question is short.
We have, in short, no appetite to raise equity.
Metro Bank was well positioned going into the current situation.
We had just completed a comprehensive evaluation of the business.
Reported strong capital and liquidity metrics and we hold a low risk loan portfolio.

However, as you would expect we are mindful of the impact of COVI19 which has been and continues to be rapidly evolving and difficult to predict with any certainty.
As we set out in February, we would could consider potential asset disposals and other balance sheet optimisation initiatives in order to conserve our equity capital if needed and would make any assessment based on the best value for shareholders.”

[spartan attack] 27/5/2020 18:09

will place an order just above pags high of today too.

Hit .786 retrace. Reaction there standard. Be some breakout when goes a tick above that high again

[idontflykathyy] 27/5/2020 17:08

Phil,

I’m now curious to know about your other shares in your portfolio.

Do you mind telling me ? I would like to build portfolio slowly..

[idontflykathyy] 27/5/2020 16:40

Cheers Phil,

Cracking tip.

One of the best tip and when I see chart of PayPal then well :)

[phil2003] 27/5/2020 15:30

Idontfly..
PAGS is 15% of my portfolio on 3 year hold, the clincher is Brazil’s (current) cash reliance, The Brazilian government backing and Shell partnership.

If I don’t double my money this year on PAGS I’ll be surprised

[diku] 27/5/2020 15:28

Did I hear BOE guy say recession not as bad as feared...euphoria out there...people getting paid to stay home...

[idontflykathyy] 27/5/2020 15:24

Bought More PAGS now 10% of my portfolio

No brainer for long term

[spartan attack] 27/5/2020 14:52

Top drawer Phil.

[phil2003] 27/5/2020 14:50

Idon’tfly and SA.. you are most welcome..
Looks like the cats out the bag stateside on PAGS..
This stock will mimic PayPal share price growth over the next 3 years imho.

[idontflykathyy] 27/5/2020 14:46

What a Tip Phil

I owe you few beers

[idontflykathyy] 27/5/2020 14:38

Phil

Your tip PGS digital flying

What a tip

[idontflykathyy] 27/5/2020 14:21

If you were playing short today, you are not a trend player.

You are a person who is unable to give up your ego and accept the reality for the day.

Agree with this tweet. Already burned twice and now back to sideline

[nemesis6] 27/5/2020 13:53

unless its going bust...yes

[sbb1x] 27/5/2020 13:43

Is it time for MTRO to move up ?

[sbb1x] 27/5/2020 12:30

Just saw. Should be in the 60s