Metro Bank Share Discussion Threads

[cantrememberthis2] 18/5/2021 12:24

Good point SR

[crazi] 18/5/2021 12:08

MORTGAGES
Metro Bank ups income multiple to 5.5 for professionals
The Bank is also expanding its 95% LTV range to now include remortgages.

"We’ve been making a number of big product and service enhancements in the last six months, as we aim to appeal to a wider breadth of mortgage customer"
Metro Bank has expanded its 95% LTV range and enhanced its offering for professional borrowers, who can now benefit from an income multiple of up to 5.5 times annual earnings.

Previously Metro Bank offered this for fully qualified, registered and practising solicitors, barristers, medical doctors, accountants, actuaries, vets and dentists. The Bank is now also accepting surveyors, engineers and architects.

Additionally, the range is now open to all single applicants with an earned income of £100,000 or more and all joint applicants with a combined earned income of £150,000 or more. The mortgages are available on a capital and interest, part and part or interest only repayment basis at rates from 2.89%. An arrangement fee of £999 applies and the maximum loan size is £2million. The Bank is also accepting customers looking to remortgage which it didn’t allow previously.

Metro Bank is also expanding its 95% LTV range beyond purchase only to now include remortgages. These will be offered on a five-year fixed rate basis with capital and interest repayment only, priced at 3.94%. The maximum loan size available is £570,000 with a £999 arrangement fee that can be added to the loan.

In addition to launching into 95% LTV mortgages in April, the Bank also released a near prime residential mortgages range in March, attracting borrowers who may have been finding it difficult to get a mortgage elsewhere.

Charles Morley, director of mortgage distribution at Metro Bank, commented: “We’ve been making a number of big product and service enhancements in the last six months, as we aim to appeal to a wider breadth of mortgage customer and deliver on our promise to become the UK’s best specialist lender. We’re well on our way to achieving that and we’re delighted to enhance our professional range whilst also growing our presence in the higher LTV market.”

[sentiment riles] 18/5/2021 11:27

Well since his official day in seat, share price is down something like 40%+

If that warrants £0.5M from shareholders, wow

[cantrememberthis2] 18/5/2021 10:02

sssssssssssssssssssssssshhhhhhhhhhhhhhhhh wait till AGM apparent city investors (small holdings) seem to have a bee in their bonnet regarding £0.523m bonus to CEO

Idiots.... they dont have many shares... what a tiny few percentage lol

[sentiment riles] 17/5/2021 22:47

Not too harsh for mtro. I think 99% drawdown is acceptable

You know how it is

A massive bounce from 5p to 50p , can claim one was right anyway.

That’s just how it works

Just forget this period though

[sentiment riles] 17/5/2021 19:59

Hi all. Rackers told me to buy 160 and 123.8

All in..........

[sentiment riles] 17/5/2021 16:55

Not to say it cant explode up

But if it does?

Its caught out the best really including sachs and co, never mind official shorters lol

[sentiment riles] 17/5/2021 16:53

And in period, odey not reduced

It is like a buyers support of kamikaze purchases

[sentiment riles] 17/5/2021 16:52

Now go to your short information

check the numbers

short positions really only 3.99%??

i think if you do that, you may possibly come to the conclusion, a fairly big number holding sub declaration mark

[sentiment riles] 17/5/2021 16:50

April 15th

MBNKF short interest notification:

Short interest increase: 98,600% (not a mistype)

Voleon up in it, and today

then the big sellers too

That is the triangle

[cantrememberthis2] 17/5/2021 16:46

Yes, absolutely POINTLESS buying MTRO at 110p level
116p+ is buyzone for north
80-90p buy zone for south
As at 80p that would be a bargain... then takeover/merger at 200p RISK though than 200p

[sentiment riles] 17/5/2021 16:43

they might stall at 100p for a few mins or hours, to see if any more buyers there.

if not, plop fast

[sentimental rules] 17/5/2021 16:42

syme


sheedy long from a penny

oh man he makes us laugh

what a looser

[sentiment riles] 17/5/2021 16:40

Can it go up? Of course

But look who mtro have to take by surprise

The gangs that have it sussed since 3500

[sentiment riles] 17/5/2021 16:39

Triangle:

Retial buying non stop, and of course, the lads selling it to them with glee

You know retail would make this stock fly as all buyers given the P float split

Summary

Pure dumping ground for the lads

aka

An obvious support to have willing buyers

[cantrememberthis2] 17/5/2021 16:36

Triangle COMPLETE at 108.80p

Work of Art by the HedgeFunds

Start to finish...

Can only go one direction and HARD

Thinking if there is good news its gonna blow north hard!

But of course can see sub 90p - I have FUNDS WAITING

[sentiment riles] 17/5/2021 16:34

Fair point. They need to produce

[cantrememberthis2] 17/5/2021 16:29

SR thanks for confirming my suspicions its been a beautifully engineered short this triangle

I await with funds sub 90p at the LEAST!

Not buying anymore at these levels till credible progress.

[sentiment riles] 17/5/2021 16:16

Assured, if this goes north, it caught 'the boys' out. Not something id bet on

[sentiment riles] 17/5/2021 16:14

Cud, pretty obvious whats been going on the triangle you drew