Metro Bank Share Discussion Threads

[this_time_its_different] 13/5/2019 11:12

I agree with whoever said shorters are right, I have done research on short sellers and in particular how effective short interest is in predicting future stock returns. The hypothesis goes, high short interest stocks usually fall. The market is pretty efficient.

[barnetpeter] 13/5/2019 11:04

“We can reassure customers”...that was the statement from Northern Rock and Bradford Bingley and BCCI. Except that they all went down and shareholders got nothing and depositors got their money back on the first two up to the limit...but how long did they have to wait? Years? Buying a btl property with the funds in my metro account. Sent the cash in there early to my solicitor client account. No need to take the risk with metro. My piddly £80k won’t affect them. If thousands do that...

[porsche1945] 13/5/2019 10:57

I never was a fan of these micro banks, even Hsbc makes next to nothing in the uk (all HK) and with interest rates so stupidly low how can they ever make any money, metro has smell of death about it. Shorters still hammering it and theyre usually right.

[arja] 13/5/2019 10:53

nice intra day recovery and maybe short covering taking place .

[this_time_its_different] 13/5/2019 09:18

Metro bank investors and bank account holders don't like uncertainty, there is uncertainty right now. We don't know what the truth is, once this mess is cleared up and everything is ok, this stock will shoot back up.

[danielbird193] 13/5/2019 09:07

Got below 500p intra-day. I can't see it ending the week above a fiver given that several major news outlets are reporting queues in some branches for people to withdraw their savings. We haven't had a bank run since Northern Rock, there's definitely one overdue....

[cryptotrade] 13/5/2019 09:07

I thought this was a bank like a building society with limited risks. If interest rates were normalised that would be better. Min 3-4% ....Nationwide seems to have held together well

[this_time_its_different] 13/5/2019 08:58

You would think shorts would be closing now if the business was financially sound, but given they are not, there may be other skeletons in the closet.

[this_time_its_different] 13/5/2019 08:55

This sort of run will hurt them though, as they are losing a lot of business, though the shares are priced like they will go bust within a year (which I don't think will happen). I agree shares should be suspended till the £350 million is sorted.

[this_time_its_different] 13/5/2019 08:53

FSCS means there won't be a run on anything below £85K, though some people may pull money out because they don't want the hassle of dealing with administrators. There will be a run on everything above 85k and safety deposit boxes.

[tsmith2] 13/5/2019 08:40

looking for volume burst

[alexios1201] 13/5/2019 08:32

32.15M×2 64.3M shares will be issued£350M/64.3= 5.44Placing and RI's price 544pThat's my best guessRead AGM which is happening 21May resolutions

[marmar80] 13/5/2019 08:29

Do we know how discounted placing it will be?

[chinese investor] 13/5/2019 08:21

escapetohome,
Fighting in two World Wars taught me a lot !

Mark my words !

[tsmith2] 13/5/2019 08:20

Price to book value looks exceedingly attractive

[montyhedge] 13/5/2019 08:18

No, don't catch a falling knife.

[escapetohome] 13/5/2019 08:17

Oh dear chinese investor.

This is for mushrooms only!

[tsmith2] 13/5/2019 08:17

capitulation?Think so, tempted..

[montyhedge] 13/5/2019 08:16

Should suspend until fund raising complete, if stories and photos appear in the newspapers, then could be a run on the bank until everything clarified. The photo in the DM was not good PR.

[this_time_its_different] 13/5/2019 08:11

Difference between weakness and a loss of confidence in the market, we are pricing in losses now for this year.

[this_time_its_different] 13/5/2019 08:10

we should be down to £4 in no time, a feel sorry for shareholders, board should be sacked

[chinese investor] 13/5/2019 08:09

This continual weakness in the share price allows even more accumulation by the wise !

I'm tellin ya !

[lenzcrafter] 13/5/2019 08:08

This time is different - that longs gotta hurt!

[this_time_its_different] 13/5/2019 08:05

And we are open