Metro Bank Share Discussion Threads

[sentiment riles] 28/4/2021 17:50

Taking a short on on a US bank AllSorts, temporary. Just to post 7pm in case any shock. ought not to be

[crazi] 28/4/2021 17:43

Metro Bank used RateSetter brand to improve consumer lending in Q1

MICHAEL LLOYD INDUSTRY NEWS, NEWS, DANIEL FRUMKIN, METRO BANK, RATESETTER

Metro Bank saw strong growth in consumer lending supported by the integration of RateSetter in the first quarter, after the third nation-wide lockdown brought a sluggish start to the year.

“Metro Bank has delivered a solid first quarter, with continued improvement in deposit mix,” said Daniel Frumkin, chief executive at Metro Bank.

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

[sentiment riles] 28/4/2021 17:33

$0,000 useless usernames for the orangutan

[sentiment riles] 28/4/2021 17:32

Cool

Will it go sub 100 for a buy? or is this the low?

[sentimental rules] 28/4/2021 17:18

40,000 useless posts of drivel from the bald virgin

[crazi] 28/4/2021 17:15

Joseph - I did answer... but heh... I understand your'e not the brightest bulb in the box lol



Oh and it opened Monday at 113p so that means so far it's up 2p to 115p... so again - keep lying Joseph...

[sentiment riles] 28/4/2021 17:09

Will it go sub 100?

Just wondering if it is a buy now or wait better value?

Big big percentage difference if you think value is under 100

[sentiment riles] 28/4/2021 17:08

Ok so no answer on why bank week updates is failing. No worries. Just clarifying

[crazi] 28/4/2021 17:06

Joseph - the pressure is not on holders to come up with a sales pitch. The share price is stable and will climb in 2021. Very cheap. Solid Q1 performance. Yes it needs more exposure but that will come.

The pressure is really on you to spread your lies and drivel, your empty questions and accusations in your hope that one century you might recoup some of your 45p short target that you are currently running a 120% loss on... not going to happen...

Time is with the longs. Shorts back in the 55p region are just dead...

[sentiment riles] 28/4/2021 16:55

If it opens circa 119, sell off will be 10%+

[sentiment riles] 28/4/2021 16:55

Tomorrow a bad day for mtro Q...that was some serious distribution in the day. 96.78%

Last three days confirms big sell off tomorrow imo

[qantas] 28/4/2021 16:52

We will see in the morning...

[sentiment riles] 28/4/2021 16:41

highly possible now, and risk side minimal even if not so

[sentiment riles] 28/4/2021 16:38

MTRO sales pitch of yours, was bank results season. A few have passed now, including MTROs

This is bank week, and mtro is trading this week in the RED this week

One of 3 banks doing so, from ftse 350 and small cap re 9 banks

The other two, are the dogs Bank of georgia and TBC

Why is MTRO on this fine banking week of results, including its own update, now trading the week in the red in 'dogs valley'?

And now that the sales pitch for earnings season is basically a confirmed dud forMTRO, what is next sales pitch?

Im afraid, saying i am short at 1p in every stock on earth, is no answer

[qantas] 28/4/2021 16:37

Yes I am you may see 510 plus in the morning?

[sentiment riles] 28/4/2021 16:30

Guess you are in low 480's. hadnt checked it

[sentiment riles] 28/4/2021 16:25

Took a bit of STAn today Q. 493. im sure you know why

if can take out 500/quarter open there too, should be a run

[qantas] 28/4/2021 16:25

STAN Results Thursday.

[sentiment riles] 28/4/2021 16:22

battle with the world

Get a bit boring if no battle

Hopefully China and the US entertain us soon anyway

[sentiment riles] 28/4/2021 16:21

86 and 63 on alert. i doubt there will be reason to buy prior

[sentiment riles] 28/4/2021 16:20

Should do AllSorts. Was too rampy in the media. Doing mates a favour to offload her. But to a buy of course

[crazi] 28/4/2021 16:19

55p short position... Joseph - you will lie all day long...

Oh and this is the Moderated thread. Stick to Metro information... or go post on your other stocks instead where your holdings are also a disaster like Block Energy, SYME, Rolls Royce etc, and I will pop over to them and post as well... ;-)


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."