Metro Bank Share Discussion Threads

[qantas] 28/4/2021 16:19

Silk road With the World.

We may break 100 pence soon on RR.

[sentiment riles] 28/4/2021 16:16

Qantas, mtro or gerbils?

MTRO, the battle is already won

Gerbils? They will be right on admin notification. Thats just the entertaining bit lol

[sentiment riles] 28/4/2021 16:15

MTRO PR campaign

Not easy

When you google it, tend to get things like 'fraud investigations', 'getting sued' share price takes 97% hit etc

After years of these headlines, going to take some SEO effort to make it look good again really

[sentiment riles] 28/4/2021 16:12

Just wondering though, are you going to cover everyone's buy losses on your suggestion from higher prices?

haha

[sentiment riles] 28/4/2021 16:11

Cant think of a CEO that didnt even put a positive spin on administration notification

Market tends to decide. Not Frumkin. bad day on share price

Translation

market thinks it is crud

[qantas] 28/4/2021 16:10

Silk Road Do you feel like you are fighting a losing battle?

[sentiment riles] 28/4/2021 16:02

Dropping to results. Dropping on its own update. Dropping on other banks with good updates

Whats left to sell punters now?

[crazi] 28/4/2021 15:52

Deposits increase at Metro Bank

By John CorserBusinessPublished: 4 hours ago
Metro Bank, which has branches in Wolverhampton and at Brierley Hill, saw total deposits rise by two per cent in the first three months of this year.


Metro Bank has a drive thru facility at Brierley Hill

They were up from £16 billion at the end of December to £16.4bn on March 31 and rose eight per cent from a year ago.

Loans were flat at £12bn but down 17% from £14.5bn in the same quarter of 2020. ""(because they sold £3B of loans for a good profit - so actually £500M up...)""

The rise in deposits was driven by growth across business and retail customers' instant access and current accounts, together with a reduction in higher-cost fixed term deposits.

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

Chief executive Daniel Frumkin 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."

[crazi] 28/4/2021 15:51

Joseph - stop lying again. You have a position. 55p Short Position... total idiot.

[sentiment riles] 28/4/2021 15:32

Ftse 350 banks starting to sink back a bit.

Must be all that on/off book econ stuff coming up later in the week

ahhhhhhh

[hamhamham1] 28/4/2021 15:29

Happy holder here ;)

[sentiment riles] 28/4/2021 14:56

mcfly, the rest will lie but ask cud how long im here

You have about as much chance of catching me in this stock, as the pro shorters at 3500p

[sentiment riles] 28/4/2021 14:36

Hello all. Good top up earlier haha

[spastics attack] 28/4/2021 14:32

Lol...what a plank!

[spastics attack] 28/4/2021 14:24

A good set of results steady eddy less adverse impact on p&l...not bad!

[crazi] 28/4/2021 12:10

Deposits increase at Metro Bank

By John CorserBusinessPublished: 4 hours ago
Metro Bank, which has branches in Wolverhampton and at Brierley Hill, saw total deposits rise by two per cent in the first three months of this year.


Metro Bank has a drive thru facility at Brierley Hill

They were up from £16 billion at the end of December to £16.4bn on March 31 and rose eight per cent from a year ago.

Loans were flat at £12bn but down 17% from £14.5bn in the same quarter of 2020. ""(because they sold £3B of loans for a good profit - so actually £500M up...)""

The rise in deposits was driven by growth across business and retail customers' instant access and current accounts, together with a reduction in higher-cost fixed term deposits.

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

Chief executive Daniel Frumkin 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."

[cantrememberthis2] 28/4/2021 11:51

Real World Stats - VERY STRONG
In all:

My Observations
Assets YoY - £1.608bn Increase
Loans well there was a £3,044 Portfolio Disposal Dec 21!
Deposits YoY £1.858bn Increase
Loan to Deposit Ratio: Massive Improvement

[crazi] 28/4/2021 11:43

Joseph - your 55p short position isn't getting any better and your endless drivel is so outdated and boring...


Dealy - agreed - they have been forgotten and the share price can climb very quickly. That's the CEO's job though to get the bank noticed again. Personally I feel the whole board shouldn't be re-voted in. Fire the lot of them. New blood.

The update though positive - was too short. One page - did the CFO throw that together last night?.

Frumkin should be taking the opportunity to get Metro noticed again and he isn't. Another opportunity wasted imho...

I have emailed him. Doubt he will respond because I have told him what I think :-)

This should be well above 130p to 150p by now. Pre-covid was 250p. Creditors in at 500p

The plus side is most banks have nearly recovered pre-covid share prices - so Metro is one of only a few shares left with huge upside potential. When people realise that then woosh...

[sentiment riles] 28/4/2021 10:35

Bank results elsewhere doing nothing for mtro

Pretty obvious the gerbils were going to run there I’m afraid. Good...bad....all bad for mtro