Metro Bank Share Discussion Threads

[crazi] 07/4/2021 16:42

UK banks look set for bullish breakout ahead of reopening step​​​​​​​​​

UK banks look set for a bullish breakout, with the long-term picture looking positive as the country prepares to begin the reopening process

Reopening plans help lift banks as UK economic outlook improves
UK banks have been a serial underperformer against their US peers over the years, with the pandemic providing yet another reason for pessimism amongst the investor base. However, the notable 0.8% upgrade to 2021 UK growth forecasts from the IMF highlight the potential benefits from the recent vaccination efforts compared with their eurozone counterparts. This year has seen the sector dominated by fears over a sharp rise in unemployment and administrations. However, with Rishi Sunak’s actions effectively staving off much of the negative implications of the lockdown, those fears around huge loan writedowns for UK banks look to be overblown. Meanwhile, the expectations of an economic collapse as the UK leaves the European Union have also failed to materialize. Thus, the reopening taking place over the coming week will provide a timely reminder that things aren’t so bad for banks in the UK. Expectations of a surge in inflation as the economic recovery takes shape also bring the possibility of higher interest rates, thus boosting margins in the sector. With that in mind, banks provide one area of potential strength that could benefit from the reopening phase and embrace the monetary tightening that will ultimately go alongside it.

The FTSE 350 Banks sector provides one way to trade the sector, with the market looking to be on the cusp of a bullish breakout. Coming off the back of a one-month's consolidation phase, the 2946-2969 resistance zone is going to be key in the days ahead. With that in mind, we could see the index drive higher in a bullish continuation of the multi-month uptrend.




"However, with Rishi Sunak’s actions effectively staving off much of the negative implications of the lockdown, those fears around huge loan writedowns for UK banks look to be overblown"

And Metro placed aside larger than normal debt provisions at year end to be careful but that caused the fall in share price...

[rackers the amoeba] 07/4/2021 16:40

Not trying to emphasis it to you at this stage

But the mislead must be corrected

[rackers the amoeba] 07/4/2021 16:36

Well what can one say to that

Cant even admit when you make a misleading statement that needs to be corrected

SP take care of you soon anyway, same as from 160's

[crazi] 07/4/2021 16:35

UK banks look set for bullish breakout ahead of reopening step​​​​​​​​​

UK banks look set for a bullish breakout, with the long-term picture looking positive as the country prepares to begin the reopening process

Reopening plans help lift banks as UK economic outlook improves
UK banks have been a serial underperformer against their US peers over the years, with the pandemic providing yet another reason for pessimism amongst the investor base. However, the notable 0.8% upgrade to 2021 UK growth forecasts from the IMF highlight the potential benefits from the recent vaccination efforts compared with their eurozone counterparts. This year has seen the sector dominated by fears over a sharp rise in unemployment and administrations. However, with Rishi Sunak’s actions effectively staving off much of the negative implications of the lockdown, those fears around huge loan writedowns for UK banks look to be overblown. Meanwhile, the expectations of an economic collapse as the UK leaves the European Union have also failed to materialize. Thus, the reopening taking place over the coming week will provide a timely reminder that things aren’t so bad for banks in the UK. Expectations of a surge in inflation as the economic recovery takes shape also bring the possibility of higher interest rates, thus boosting margins in the sector. With that in mind, banks provide one area of potential strength that could benefit from the reopening phase and embrace the monetary tightening that will ultimately go alongside it.

The FTSE 350 Banks sector provides one way to trade the sector, with the market looking to be on the cusp of a bullish breakout. Coming off the back of a one-month's consolidation phase, the 2946-2969 resistance zone is going to be key in the days ahead. With that in mind, we could see the index drive higher in a bullish continuation of the multi-month uptrend.




"However, with Rishi Sunak’s actions effectively staving off much of the negative implications of the lockdown, those fears around huge loan writedowns for UK banks look to be overblown"

And Metro placed aside larger than normal debt provisions at year end to be careful but that caused the fall in share price...

[crazi] 07/4/2021 16:34

They did and they reported it - just like your article states! They then immediately raised funds to correct the MREL balance...

Social media scaremongering made others withdraw cash causing the banks results to fall (over 2 years ago and old news)....

Idiocy...

[rackers the amoeba] 07/4/2021 16:33

ALL banks are on the precipice of a decent correction . Literally, knocking markets door today, to ask

Know tonight really

[rackers the amoeba] 07/4/2021 16:32

No point worrying about details when you forget what you state 5 minutes prior

[rackers the amoeba] 07/4/2021 16:31

Crazi, you stated mtro found the accounting inconsistency

Are you now not willing to not be a gerbil for 2 mins, and thank me, for informing the 'bank sector expert'?

:)

[crazi] 07/4/2021 16:31

Oh so now "we mustn't worry about the details"... PMSL make up your mind!!

Total idiocy...

[crazi] 07/4/2021 16:28

Boasts he knows it all and that we must do our research and be accurate like him - then posts a link that proves he's wrong and just making false accusations :-)

[rackers the amoeba] 07/4/2021 16:26

Donaldson lied to investors

Said Mtro found the accounting inconsistencies. The same as you claimed 30 mins ago

Wholly untrue

Lie of lies

[rackers the amoeba] 07/4/2021 16:25

Unlike you guys with odey, maybe presumed innocent until concluded?

haha

[crazi] 07/4/2021 16:23

PMSL...

As your own link states - and I quote:

" Instead, their statements summarised a series of problems that have plagued Metro Bank since January, when it revealed a major accounting blunder."


When it - ie. the Bank! revealed... 2.5 years ago...

Apologies accepted on a postcard ;-)

[rackers the amoeba] 07/4/2021 16:22

New low on US financials etf market now..

oh dear, its all going to be 'post uk close - trapped'

[rackers the amoeba] 07/4/2021 16:21

Have to remember, been playing this one a longggg time

Referring to the past, you need facts 'up to scratch'

My noggin remembers them all

haha

[rackers the amoeba] 07/4/2021 16:18

SO, yes the regulator found the inconsistencies, and metro had to correct it's 'lies' about said

You will find the terminology of the time, as i stated too

[crazi] 07/4/2021 16:12

"However, with Rishi Sunak’s actions effectively staving off much of the negative implications of the lockdown, those fears around huge loan writedowns for UK banks look to be overblown"

And Metro placed aside larger than normal debt provisions at year end to be careful but that caused the fall in share price...

[crazi] 07/4/2021 16:12

"However, with Rishi Sunak’s actions effectively staving off much of the negative implications of the lockdown, those fears around huge loan writedowns for UK banks look to be overblown"

And Metro placed aside larger than normal debt provisions at year end to be careful but that caused the fall in share price...

[crazi] 07/4/2021 16:08

UK banks look set for bullish breakout ahead of reopening step​​​​​​​​​

UK banks look set for a bullish breakout, with the long-term picture looking positive as the country prepares to begin the reopening process

Reopening plans help lift banks as UK economic outlook improves
UK banks have been a serial underperformer against their US peers over the years, with the pandemic providing yet another reason for pessimism amongst the investor base. However, the notable 0.8% upgrade to 2021 UK growth forecasts from the IMF highlight the potential benefits from the recent vaccination efforts compared with their eurozone counterparts. This year has seen the sector dominated by fears over a sharp rise in unemployment and administrations. However, with Rishi Sunak’s actions effectively staving off much of the negative implications of the lockdown, those fears around huge loan writedowns for UK banks look to be overblown. Meanwhile, the expectations of an economic collapse as the UK leaves the European Union have also failed to materialize. Thus, the reopening taking place over the coming week will provide a timely reminder that things aren’t so bad for banks in the UK. Expectations of a surge in inflation as the economic recovery takes shape also bring the possibility of higher interest rates, thus boosting margins in the sector. With that in mind, banks provide one area of potential strength that could benefit from the reopening phase and embrace the monetary tightening that will ultimately go alongside it.

The FTSE 350 Banks sector provides one way to trade the sector, with the market looking to be on the cusp of a bullish breakout. Coming off the back of a one-month's consolidation phase, the 2946-2969 resistance zone is going to be key in the days ahead. With that in mind, we could see the index drive higher in a bullish continuation of the multi-month uptrend.

[crazi] 07/4/2021 16:08

UK banks look set for bullish breakout ahead of reopening step​​​​​​​​​

UK banks look set for a bullish breakout, with the long-term picture looking positive as the country prepares to begin the reopening process

Reopening plans help lift banks as UK economic outlook improves
UK banks have been a serial underperformer against their US peers over the years, with the pandemic providing yet another reason for pessimism amongst the investor base. However, the notable 0.8% upgrade to 2021 UK growth forecasts from the IMF highlight the potential benefits from the recent vaccination efforts compared with their eurozone counterparts. This year has seen the sector dominated by fears over a sharp rise in unemployment and administrations. However, with Rishi Sunak’s actions effectively staving off much of the negative implications of the lockdown, those fears around huge loan writedowns for UK banks look to be overblown. Meanwhile, the expectations of an economic collapse as the UK leaves the European Union have also failed to materialize. Thus, the reopening taking place over the coming week will provide a timely reminder that things aren’t so bad for banks in the UK. Expectations of a surge in inflation as the economic recovery takes shape also bring the possibility of higher interest rates, thus boosting margins in the sector. With that in mind, banks provide one area of potential strength that could benefit from the reopening phase and embrace the monetary tightening that will ultimately go alongside it.

The FTSE 350 Banks sector provides one way to trade the sector, with the market looking to be on the cusp of a bullish breakout. Coming off the back of a one-month's consolidation phase, the 2946-2969 resistance zone is going to be key in the days ahead. With that in mind, we could see the index drive higher in a bullish continuation of the multi-month uptrend.

[crazi] 07/4/2021 16:02

So you say...

Depositors are fully protected. FSCS. The real one! Not the copied pasted image some troll used on his website.

Keep trying to scaremonger :-)

Metro getting higher interests rates on loans must worry a shorter...