Metro Bank Share Discussion Threads

[solo4yous] 08/7/2024 18:51

Market was asleep at the wheelWill load heavily tomorrow morning HTTPS://x.com/zopelyforver/status/1810369979663135191

[1224saj] 08/7/2024 17:45

Sky news: Metro bank looking to offload ?4b mortgage book. May need additional capital post sale. My estimate is that the asset brings in around ?60m a year. It will be interesting to see the valuation. Multiplier of 10 would be good?

[blakesmith] 08/7/2024 16:45

Oppenheimer tried to ramp this one He has no clue Pmsl

[danvandan] 08/7/2024 16:35

A muted reaction from the market. No 'buying on the rumour' here. I hope the sale enables MTRO to reduce some of its expensive debt - I'm not aware that a cash raise is needed here after the massive cash injection the business had from its recent share issue and loan raising. The cost cutting should be enabling profits by now - MTRO reports on H1 at the end of this month (31st July).

[blakesmith] 08/7/2024 16:14

So you r Oppenheimer the clown Pmsl

[socionomics] 08/7/2024 16:13

Your life? Totally agree!

[socionomics] 08/7/2024 15:59

Here we go!

[arborfieldinvestor] 08/7/2024 14:14

Potentially good news on the sale of the Mortgage book. At least this time they are in a position to get what it is worth rather than a 'fire' sale. Will be interesting to see how much they get for 1/3 of their loans.

[socionomics] 08/7/2024 12:26

Sky News. Boom!

[1224saj] 08/7/2024 12:23

Sky news: Metro bank looking to offload £4b mortgage book. May need additional capital post sale. My estimate is that the asset brings in around £60m a year. It will be interesting to see the valuation. Multiplier of 10 would be good?

[thanatos abysss] 07/7/2024 13:30

Poor not long now paul. Officially brain scrambled

[paul planet earth1] 07/7/2024 09:08

Nobbygnome reduced to running fake avatars..aka...'Thanotos Abysssmal'...with the THREE 'sss' ...Gotcha!

[blackhorse23] 28/6/2024 12:06

Switched to RNK [better change to capital gains] 4 brokers issued strong BUY

[danvandan] 26/6/2024 12:46

Arborfield, I don't see redundancy costs as significant in going from 7 days to 6 days. My guess is that staff will be re-rostered and 'natural wastage' will account for the small reduction in headcount over a period of a few months. Staff turnover averages around 17% annually for most business in the UK and I imagine they had a few vacancies before the new opening hours started. The metro careers page shows just 13 vacancies and only one or two seem to be 'front of house'.

Also, the delayed reduction in base rate is good for mtro.

I think we will be seeing a step-change in profitability for mtro and a doubling of the shareprice in 12 months as it moves from 'distressed' to a well funded sustainable business.

[solo4yous] 25/6/2024 16:37

Aw ... Don't spend too much just trade what you can afford to lose simples

[ball deap] 25/6/2024 16:10

It's a case of the glass encrusted French tickler being stuffed in and out now.

[solo4yous] 25/6/2024 07:03

Aw. Someone burning on their short

[arborfieldinvestor] 24/6/2024 15:56

The next update is scheduled for July 30th which should include some benefit from the cost reduction program so it will be interesting to see whether it is having the impact that most of us are hoping for. The only slight caution is that there will likely be a one off cost of doing the actions which may mean the headline numbers are not so positive. We need to look below those to see where we are really at, hope the market does as well.

[thanatos abysss] 17/6/2024 14:34

But we are mentally unbalanced insane Insti and impala

[socionomics] 17/6/2024 12:55

Let me get this straight. You bash banks, BT, VOD, ITV, RR, and many others which have shown significant upside since you started your campaign, and you champion/ramp SYME?

I think you need to seek the support of a financial advisor II.

[institutional investments] 14/6/2024 11:20

Just an opinion of course. Nothing wrong with balance

toodles