Metro Bank Share Discussion Threads

[idontflykathyy] 27/5/2020 23:39

It seems smart traders are all long and looking this rally as a free money.

One solid argument is that so much liquidity and if you think all money going in equity only including those govt checks..

I think this could continue rally atleast till October ( before election )

And if Biden comes then all hell...

[idontflykathyy] 27/5/2020 23:37

He opened fresh long.

[spartan attack] 27/5/2020 23:15

What did it close at?

[idontflykathyy] 27/5/2020 23:14

I love this guy... spot on


Strong rejection off 3030 in $SPX and its no coincidence why- this was the ceiling between June and October 2019 and the breakout triggered the push to 3400. 3030 is make or break for this rally now - bulls want to see consolidation ideally above 2900 to build energy to break it

[idontflykathyy] 27/5/2020 21:38

Rat 🐀 is on fire lol

[pione3r] 27/5/2020 21:34

I said Dow will get to 26000, now 400 points away.

But I'm sure you negative nancies tried shorting it all day.

[idontflykathyy] 27/5/2020 21:25

Hahaha

Rat asking diku and once diku reply him, pretty sure he will wrong him and ridicule him

What a rat Pione is

[pione3r] 27/5/2020 21:24

diku, where would you short SPX from? What your charts saying if you don't mind me asking?

[diku] 27/5/2020 21:22

Unfortunately rocket launch postponed today due to weather...and I believe Trump is there...

[pione3r] 27/5/2020 21:14

today was banks and retail whilst tech sell off. Which means more gap ups. Brill short trades.

[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..