Metro Bank Share Discussion Threads

[fast mover] 13/5/2019 19:22

Do you think the B of E would allow a UK bank to go to the wall with Brexit around the corner?The bank is profitableInterest rates are lowThey just need cash to support future growth I am client and rate their corporate and private client services.When they sure up the balance sheet with the rights issue what will happen to the shorts?

[blueball] 13/5/2019 19:21

Could this fall to 100p in the next trading sessions.

[sunnybeachboy] 13/5/2019 16:49

Closed at the 52 week low of 475. The shorters called this spot on.Well done to those bandits :)

[this_time_its_different] 13/5/2019 16:30

Massive dumping of stock now. I don't even think £4 will hold this week at this rate.

[future financier] 13/5/2019 15:57

I hate to be fair to this bunch of muppets, but the dealings with Mrs Hill have been fully disclosed and were known to "everybody" from the outset. So no cause for legal action ...... at least on this issue!

[buywell3] 13/5/2019 15:24

Blimey if that is true what were the UK Banking Authorities thinking of giving him a licence ?


Will the Institutions that have lost BIG here take legal action ?

[chinese investor] 13/5/2019 15:07

Lest we forget :-

"The founder of Metro Bank who has handed £21million to his wife's business was hounded out of US finance for doing the same thing a decade ago.

Billionaire Vernon Hill was thrown off the board of Commerce Bancorp, which he founded in the US in the 1990s, after he gave his wife Shirley £36m in payments to design branches."

[buywell2] 13/5/2019 15:04

I wonder what the lender who is going to fund Metro with $450M dollars very shortly is making of all this adverse PR going off at the moment ?

I also wonder if the money is/was coming from a USA based Institution ?

A friend of Vernon's perhaps

[bricktycoon] 13/5/2019 14:56

This is going bust. Bank run under way sell sell sell Odey here in a big way look what happened to Debenhams oh dear sub £1 this week

[this_time_its_different] 13/5/2019 14:44

Management's fault, if your stock hadn't gone from £40 to £5, you wouldn't be in this mess. If you hadn't committed accounting fraud, you wouldn't be in this mess.

[this_time_its_different] 13/5/2019 14:43

I don't understand why we even need privately owned banks, why can't the bank of england give mortgages, loans, keep bank accounts etc. Why do we risk a banking system (which is essential) to the fear and greed of wall street and the city?

[stampylong trader] 13/5/2019 14:17

We've learned the past.

Get the government to buy shares in this. Gordon Brown did this and "saved the world". Remember?

[propinv] 13/5/2019 14:01

I am pretty sure the PRA will do all they can to stop a bank run - not the opposite which is what you suggest

[porsche1945] 13/5/2019 13:41

Just need that total imbecile Robert Peston to cause a " run " as he did on Norther Rock. Theres obvi some big issues, banking it would seem still as poorly regulated as the LSE which allows any old cxxp and dodgy foreign mining companies to list as long as they cough up the fees.

[this_time_its_different] 13/5/2019 13:40

Yeah only the business sections are reporting this, once it hits the front page of the BBC , you are going to get a real bank run. There is one way to stop a bank run, limit the amount of money depositors can remove. It may be worthwhile of metro bank to do this.

[opodio] 13/5/2019 13:36

Wait till the BBC news has people queuing round the street to get ther money out

[this_time_its_different] 13/5/2019 13:26

If I was running the world, I would have suspended the shares today at market open. Tell Metro Bank, you have X number of days to sort out financing. If you can't get the financing, call in the administrators.

[propinv] 13/5/2019 13:15

If they suspend shares what is that going to do for customer / depositor confidence. That's the problem with banks. It is all a mirage if people want their money back at same time

[chinese investor] 13/5/2019 13:12

One wonders when is it going to end ?

[this_time_its_different] 13/5/2019 12:46

The fault lies with the board, the market has to price in the chance of collapse. If you are so financially sound as a business, why do you need to get the begging bowl out every year asking for money? When BCCI, Northern Rock, Lehman Brothers and AIG collapsed, they all said "everything is fine", so I do not trust the board to tell the truth. Everything may be ok though, the stock should reflect all known information.

[buywell3] 13/5/2019 12:46

If it carries on like last week this will be sub 400p by wed close

[chinese investor] 13/5/2019 12:40

I hate to see this decline in price.

[this_time_its_different] 13/5/2019 12:38

The stock is rolling over again, shares should be suspended till financing is sorted.