Metro Bank Share Discussion Threads

[sentiment riles] 24/2/2021 18:48

Must be CI

[cleverinvester] 24/2/2021 18:44

Fitch downgrade inevitable now.

[crazi] 24/2/2021 18:18

Smaller rival Metro Bank also released full-year results on Wednesday, reporting an annual pre-tax loss of £311m. Like Lloyds, however, it experienced a substantial improvement in the second half of the year, with a sharp drop in loan loss provisions and an improved net interest margin.

Chief executive Dan Frumkin, who took charge of Metro last year, said “there’s momentum in the business”. He said he was “more confident today than I was a year ago” about the bank’s prospects but acknowledged that “the numbers still aren’t pleasing” and said it would take time to complete the turnround.

Frumkin echoed Lloyds’ optimism about a UK recovery: “If the reopening happens at the pace expected now and vaccines continue at the pace they’re being rolled [out] at, it would have upside for us as well . . . There are lots of signs indicating economic activity could really bounce back.”

[ball deap] 24/2/2021 18:10

SR seriously you need to get into comedy:-) fundamentals don't mean nothing in the banking sector hehe

[sentiment riles] 24/2/2021 18:00

LONG BURIED NOW

[sentiment riles] 24/2/2021 17:27

Apart from my greatness of course

[sentiment riles] 24/2/2021 17:27

Good post btw

The only sense here in months

[sentiment riles] 24/2/2021 17:26

The run will come

Of that I’m 99% sure

[ygor705] 24/2/2021 17:25

In an environment where even the top professionals in commercial banking are struggling to make a buck, I can't really see where Metro Bank is heading. The post-Pandemic bad debt season is still to come and negative interest rates are still a possibility. I think that the Board should be looking to merge with somebody with deep pockets........but who wants bricks and mortar banking these days? GS still looks to be the most likely candidate but I suspect that they won't be any hurry. Surprises me that there hasn't been a run on the Bank but they also don't appear to be fashionable any more.

[sentiment riles] 24/2/2021 17:22

Ball Deap keeps calling mtro a bank, like it should be lumped in with the ftse 350 sector

😂😂🚩

[cantrememberthis2] 24/2/2021 17:19

This is all expected but having reviewed the accounts all day I am content:
£40.6m LOSS was the Exit from London Old Bailey Offices
£124m COVID19 related

So over £160m or 52% of Annual Loss is attributed to those 2x factors alone

Also H2 had improved NIM margins and CAPEX OPEX was always going to be higher

All in all FEE INCOME too was better than I thought considering DEAD economic activity for a year!

So as Lockdown eases this should mean REDUCED losses Im estimating sub £100m for 2021... if all things go to plan!

All GUESSWORK

[qantas] 24/2/2021 17:06

Good evening Swiss Roll looks like you had a good day see you in the morning for the up swing..

[cantrememberthis2] 24/2/2021 16:38

Mugged at close 135p

[crazi] 24/2/2021 16:00

Most banks turning blue from earlier losses today... even Lloyds just turned Blue again...

Metro will bounce like the other banks did on results day and over the following few days after... will head towards 160 again as people put 2020 out of their minds and focus on 2021.

Currently the markets are turning Bullish for 2021 with vaccines going well and restrictions reducing and dates getting put in the diaries to reopen the economies of the world...

[crazi] 24/2/2021 15:47

Both JP Morgan and Goldman Sachs are looking to expand in the UK banking sector.

It much easier to buy a cheap bank than get new banking licences approved...

[cantrememberthis2] 24/2/2021 15:46

REally interesting ticker....

Fake 149p from 136p base....

We are actually up so far!