Metro Bank Share Discussion Threads

[sentiment riles] 28/4/2021 10:30

Looks like odeys massive short holding still here is looking good. Now soon get the others adding again

To aid Our Odey

[sentiment riles] 28/4/2021 10:28

Just read the barrage of bull notes. I think smarter just to listen to market though lol

[sentiment riles] 28/4/2021 10:26

So, update a dud

Did nothing. Only offer Shorters their usual spot

What’s next?

Merlot II ?

😂😂😂

It’s screwed . A game changer here was up 20% on open.

I’m afraid all you have guys, is an assured 50% down pending

[chinese investor] 28/4/2021 10:01

After reading today's RNS I've added.

[dealy] 28/4/2021 09:13

This has been forgotten by investors. Once it gets noticed again the shares could double in a few days

[boonkoh] 28/4/2021 09:12

Credit impairments for Q1 in line with management expectations but looks like that's not good enough as other banks reporting this week has rolled back impairments they made last year, due to better than expected outlook.

[dodge meister] 28/4/2021 09:01

Solid is what you want from a bank. Now to price accordingly.

[cantrememberthis2] 28/4/2021 09:00

Deliberately negative article read my tweet thread

[crazi] 28/4/2021 08:58

Bit false reporting... as usual

"Metro Bank saw a 17 per cent plunge in lending for the first quarter, with the company’s total net loans falling to £12.05bn for the first three months of 2020, versus £14.51bn a year earlier."


They sold over £3B mortgages for a profit so it's not really a "plunge". It means lending actually increased after the sale is taken in to account. And it should say 2021... shows how accurate that report is...lol

The press always want to paint Metro in a negative light... it's pathetic really. Being a challenger bank I always wonder if these unknown reporters are paid off by the big banks...??

[crazi] 28/4/2021 08:57

Bit false reporting... as usual

"Metro Bank saw a 17 per cent plunge in lending for the first quarter, with the company’s total net loans falling to £12.05bn for the first three months of 2020, versus £14.51bn a year earlier."


They sold over £3B mortgages for a profit so it's not really a "plunge". It means lending actually increased after the sale is taken in to account.

[crazi] 28/4/2021 08:39

Wednesday 28 April 2021 8:32 am
Metro Bank signals lending progress after slow start to the year
Hannah Godfrey


Metro Bank is starting to see growth in lending again, after a slow start to the year.
Metro Bank said it is starting to see growth in consumer lending again, after a lockdown-led sluggish start to the year.

Metro Bank saw a 17 per cent plunge in lending for the first quarter, with the company’s total net loans falling to £12.05bn for the first three months of 2020, versus £14.51bn a year earlier.


Deposits jumped 13 per cent to £16.41bn as stuck-at-home Britons had little reason to spend their money.

“Customer activity dipped in January following the introduction of the third national lockdown late-December, recovering as the quarter progressed and helped by the gradual easing of restrictions in April,” Metro said.

“We are also beginning to see progress across our loan book, with strong growth in consumer lending and specialist mortgages as we focus on assets delivering higher risk-adjusted returns.”

Read more: Antonio Horta-Osorio signs off at Lloyds with a £1.4bn post-tax profit

Metro, among the highest profile so-called challenger banks since it launched on high streets in 2010, is trying to turn around its finances after two years of losses and restore investor faith after a major accounting error in January 2019.

It is also dealing with record low interest rates set by the central bank to reinvigorate a pandemic-hit economy, which has led to thinner margins for banks, while bulkier provisions set aside to cover bad loans due to the economic downturn have also eaten into the lender’s profit.

[crazi] 28/4/2021 08:39

Wednesday 28 April 2021 8:32 am
Metro Bank signals lending progress after slow start to the year
Hannah Godfrey


Metro Bank is starting to see growth in lending again, after a slow start to the year.
Metro Bank said it is starting to see growth in consumer lending again, after a lockdown-led sluggish start to the year.

Metro Bank saw a 17 per cent plunge in lending for the first quarter, with the company’s total net loans falling to £12.05bn for the first three months of 2020, versus £14.51bn a year earlier.

Deposits jumped 13 per cent to £16.41bn as stuck-at-home Britons had little reason to spend their money.

“Customer activity dipped in January following the introduction of the third national lockdown late-December, recovering as the quarter progressed and helped by the gradual easing of restrictions in April,” Metro said.

“We are also beginning to see progress across our loan book, with strong growth in consumer lending and specialist mortgages as we focus on assets delivering higher risk-adjusted returns.”

Read more: Antonio Horta-Osorio signs off at Lloyds with a £1.4bn post-tax profit

Metro, among the highest profile so-called challenger banks since it launched on high streets in 2010, is trying to turn around its finances after two years of losses and restore investor faith after a major accounting error in January 2019.

It is also dealing with record low interest rates set by the central bank to reinvigorate a pandemic-hit economy, which has led to thinner margins for banks, while bulkier provisions set aside to cover bad loans due to the economic downturn have also eaten into the lender’s profit.

[sentiment riles] 28/4/2021 08:38

Mtro Going to tank later. Amazing u all can’t see it

Bought RR at 880p

Bargain

[sentimental rules] 28/4/2021 08:34

125 as we all know is where sheedy started buying RR

keep those calls coming loser

[sentiment riles] 28/4/2021 08:26

All top up?

Nice one

[sentiment riles] 28/4/2021 08:26

297 as all know

[crazi] 28/4/2021 08:25

Daniel Frumkin, Chief Executive Officer at Metro Bank, said:

"Metro Bank has delivered a solid first quarter, with continued improvement in deposit mix. We are also beginning to see progress across our loan book, with strong growth in consumer lending and specialist mortgages as we focus on assets delivering higher risk-adjusted returns. Our turnaround strategy is ongoing and I remain incredibly grateful for how colleagues have continued to step-up to deliver for our customers and communities during these challenging times."




Solid First Quarter....

Share price is far too low. Should be over 130 already...

[crazi] 28/4/2021 08:24

Solid First Quarter....

Share price is far too low. Should be over 130 already...

[sentimental rules] 28/4/2021 08:23

awww bless

another useless post of lying drivel to add to the 40,000 already

keep em going loser

[sentiment riles] 28/4/2021 08:21

poor rackers his 297p never to be seen again

😂😂😂

[onehanded] 28/4/2021 08:16

nice RNS / trading update. looks like a full turn around on the way at last. Should see a nice re-rating and test £1.45 resistance again in the coming weeks.