Metro Bank Share Discussion Threads

[montyhedge] 13/5/2019 08:04

One thing a bank can't stand is loss of confidence from customers.

[this_time_its_different] 13/5/2019 08:01

Taking long to open, must be a big move

[chinese investor] 13/5/2019 07:54

Under A Fiver !

[this_time_its_different] 13/5/2019 07:53

Yeah it’s just going to snowball now, its a lack of education on the part of depositors. This will hurt metro bank as they lose a lot of corporate and safety deposit box income from next year.

[montyhedge] 13/5/2019 07:17

The bank may be busy this Monday with customers. Looking at the photograph in the DM.

[lenzcrafter] 13/5/2019 07:11

This all sounds messy

[this_time_its_different] 13/5/2019 07:07

Boxes are seized in administration but the contents are safe and protected from creditors, but getting your box may take a long time...and who wants the hassle of dealing with administrators.

[pictureframe] 13/5/2019 07:06

The equity raise, which is subject to the committed standby underwriting agreement announced on 26 February 2019, is expected to be by way of a placing subject to shareholder approval. The Company intends to respect the principles of pre-emption as far as practicable via the allocation proces

[this_time_its_different] 13/5/2019 06:59

Yes I can imagine a lot of boxes have assets that are undeclared and worth more than £15,000. The management is to blame at the end of the day, share price goes from £40 to £5 and you expect people not to worry?

[this_time_its_different] 13/5/2019 06:56

No banking crisis since the run is only on the safe deposit boxes, the money is protected. People don’t want administrators sealing deposit boxes.

[brx7] 13/5/2019 01:22

Run is on the safe deposit boxesIf in administration the boxes are seized?Also folks have gold cash and otherPossible undeclared assets the bank targeted Asians etc around London

[maxk] 12/5/2019 23:12

The only thing you need to know, is the Prof is in here big time.

And he is never wrong!

[opodio] 12/5/2019 22:57

might drop to 300p

[nobbygnome] 12/5/2019 22:38

They can try to reassure people as much as they want but if the perception there is a problem gathers pace, it will feed on itself. Just like a snowball rolling down a hill....

[nobbygnome] 12/5/2019 21:31

Uh oh. A run on the bank is coming IMHO. I wonder if this relatively small bank will spark a global banking crisis....

[chinese investor] 12/5/2019 19:16

I have full confidence in my local Metro Bank at Hatton Garden.

[maxk] 12/5/2019 18:08

Metro Bank quashes 'false' rumours of financial instability



Lender reassures customers after solvency concerns were raised on social media



Julia Kollewe

Sun 12 May 2019 16.31 BST


Metro Bank has been forced to reassure customers their money is safe, acting quickly to quash what it described as false rumours on social media about its financial health. It said plans to raise £350m from investors to shore up its finances were “well advanced”.

More:



Quote::: The lender said the vast majority of customers had been reassured. It also noted it does not take ownership of customer items held in safe deposit boxes and the contents remain customer’s property.

[this_time_its_different] 12/5/2019 17:19

The company is not telling us everything we need to know

[this_time_its_different] 12/5/2019 13:15

Need more info from management

[tsmith2] 12/5/2019 11:16

Loonies out

[this_time_its_different] 12/5/2019 10:49

It could fail if the 350 million is not given , its just how many people have over 85k with them. I would not be surprised if the stock finishes at £3 or lower by the end of the month.

[pilkersa] 12/5/2019 09:51

Think this will be good value when it hits the 30 - 70p level. Think that will happen within 6 to 12 months.......