Metro Bank Share Discussion Threads

[blackhorse23] 10/3/2024 14:28

Metro Bank in spotlight after Virgin takeover.Bank also . A small £11 million profit is expected in 2023 when it updates on Wednesday,

[blackhorse23] 10/3/2024 14:26

https://www.proactiveinvestors.co.uk/companies/news/1042744/osb-and-metro-bank-in-spotlight-after-virgin-takeover-1042744.html

[fast mover] 10/3/2024 09:23

https://www.cityam.com/metro-banks-costs-in-focus-as-lender-embarks-on-major-restructuring/

[paul planet earth1] 09/3/2024 09:22

Me too...Good Results expected and a very positive outlook on future growth expected as bank stabilised with a strong leadership team in place and a turnaround growth strategy in progress!

[kreature] 08/3/2024 21:46

Fully loaded for next week’s news here. GLA

[kreature] 08/3/2024 21:44

Who cares if the builders are colluding to fix prices. Doesn’t mean you have to be stupid enough to pay the prices. Or stupid enough to buy on a new build estate with fake-freehold deeds controlled by unregulated management companies. Never ever buy on a new build estate IMO

[fast mover] 08/3/2024 21:16

Roll on Wednesday!! Big price movement coming!!

[institutional investments] 08/3/2024 21:03

Could? Would?

😂

[institutional investments] 08/3/2024 21:02

Can't beat broker notes. If, but, maybe ..

[institutional investments] 08/3/2024 21:01

"On a multiple of book value, it is rated at a fraction of the value afforded to Virgin Money by the Nationwide bid, notes AJ Bell"

What's that got to do with the real world? Ffs

[fast mover] 08/3/2024 21:00

Housebuilders will be in the spotlight this week with the investigation into whether the big names are colluding and carving up the areas they operate the latest cloud to overhang the sector.Share prices among the builders have started to recover after the mortgage chaos of last year but the backdrop remains fragile.Any change in tone over the current year (2024) following the recent trading updates will be something to check.Challenger banks OSB and Metro are also in the frame and in the spotlight after Nationwide's move for Virgin Money.Could it start a rush to snap up other mid-size operators?Analysts seem sceptical given that likely bidders in the form of the high street giants have seemingly decided handing out cash to their own shareholders is a better use.Macro news will be dominated by US inflation, both consumer prices and at the factory gate... read macro preview.

[fast mover] 08/3/2024 20:57

from OSB Group PLC (LSE:OSB) and Metro Bank Holdings PLC (LSE:MTRO) have become more interesting following Nationwide's £2.9 billion takeout of rival challenger bank Virgin Money.Analysts are not sure there is too much read across, though OSB trading on a consensus PE ratio of 2.7 times is an obvious target, according to KBW.Metro, too, is cheap says KBW, but faces considerable challenges and "would no doubt have been taken over during the restructuring if there had been any interest".The bank has moved to reassure as best it can, says AJ Bell, raising £325 million fresh capital in autumn 2023, when it also unveiled a new cost-cutting plan designed to save at least £30 million a year.A small £11 million profit is expected in 2023 when it updates on Wednesday, to end a long streak of annual losses but the uncertainty on its future means Metro is the most lowly rated of all the challenger banks.On a multiple of book value, it is rated at a fraction of the value afforded to Virgin Money by the Nationwide bid, notes AJ Bell.OSB on recovery tackSpecialist mortgage lender OSB is also recovering from a profit warning and stuttering housing market.Profits are expected to rebound in 2024, despite the soggy economic outlook, says AJ Bell, and OSB is expected to maintain a generous dividend as a result.OSB increased its interim payment to 10.2p from 8.7p though the final payment will be more cautious.Pre-tax income is expected to drop to £361 million from £532 million.Results are due on Thursday 14 March.View Price & Profile

[institutional investments] 08/3/2024 20:43

Seems desperate to try dampen the pending reaction from markets

So he must see a fair few coming

Blaming remote work 😂

Residential is worse

[institutional investments] 08/3/2024 20:41

Oh oh. A Vlad update

Federal Reserve Chair Jerome Powell said Thursday he expects to see some banks fail due to their exposure to the commercial real estate sector, which has declined significantly in value following the shift to remote work.

[vlad the impaler] 08/3/2024 20:40

Federal Reserve Chair Jerome Powell said Thursday he expects to see some banks fail due to their exposure to the commercial real estate sector, which has declined significantly in value following the shift to remote work.

[vlad the impaler] 08/3/2024 17:53

He didn't mention the other property sector as big banks wouldn't have liked that

[vlad the impaler] 08/3/2024 17:53

Federal Reserve Chair Jerome Powell said Thursday he expects to see some banks fail due to their exposure to the commercial real estate sector, which has declined significantly in value following the shift to remote work.

[kreature] 08/3/2024 16:08

I had such high hopes for this POS, and now down 20

[vlad the impaler] 08/3/2024 15:08

Above poster must be tracking proper eps forwards or something

Very good

[casholaa] 08/3/2024 15:00

It's goose is cooked. Target price -57p to -66p.