Nice article in the Telegraph yesterday, putting where we are in the simplest of terms. £80m cost savings, 30% headcount reduction rather than the 20% it said it would do. £12.8m profit for the last 6 months of 2024 which would suggest we are going to clear the underlying £14m loss from 2024 by June 2025. I believe things look at lot more positive than they did in Feb 2023 |
No idea really. Weekend jiggery will determine it by 0750 i guess |
Ah it was that huge UT that did it....naughty mms holding back till close, it seems.
The reality is it's already accounted for, as I understand.
However loads of trades after close so being honest not sure whether we will be up on open on Monday or not.
imo |
Still climbing me ol sucker? |
back at 50p. I can see you are a bit too busy for discussion haha |
Putinaire - 26 Feb 2025 - 18:02:45 - 26662 of 26768 METRO BANK - Moderated - MTRO
Well il stand by the 103 exit at the start of that week...]
.....................
You will see 50p long before you will see that 103 again. |
Daniel Frumkin, Chief Executive Officer at Metro Bank, said:
"It has been a transformational year for Metro Bank as we made substantial progress against our strategy, ending the period ahead of guidance, profitable, and with strong momentum going forward.”
“We have successfully continued our pivot towards higher margin business in the form of corporate, commercial and SME lending and specialist mortgages, while also taking significant steps to reduce our costs and optimising our funding model. We have simplified and strengthened our balance sheet, and as a result, end the year with a robust capital position.”
“Our network of stores helps us grow our target markets, with our specialist relationship banking colleagues driving positive outcomes for customers and communities across the UK. We are delivering on our strategy. Looking forward, we are confident that Metro Bank has a strong and compelling plan, differentiated model and clear path forward to further growth.” |
Already have me old grape. |
You will learn |
Yet up she goes me old dear. |
The future is one day, the past. Metro bank had many futures since 4000p |
Remember, it's about the future not the past, or even the now, with shares.
I like the last line above in particular.
No guarantees of course.
The economy of course will play it's part in every shares trajectory.
IMO |
From the most recent results.
'Highlights
2024 statutory profit after tax of £42.5 million, post recognition of the deferred tax asset
Underlying profit of £12.8 million in H2 2024, in excess of guidance of returning to profitability during Q4 2024
Net Interest Margin at year end of 2.65%, ahead of guidance of 2.50% and up 113bps from nadir of 1.52% in February 2024
Cost of deposits at year end of 1.40%, down from a peak of 2.29% in February 2024
Corporate and Commercial new loan originations grew by 71% during 2024 and by 40% from H1 2024 to H2 2024
Credit approved pipeline for corporate/commercial/SME already at >50% of total 2024 lending
Continued balance sheet optimisation through the sale of £2.5 billion prime residential mortgages and £584 million of unsecured personal loans
Transformational year in 2024 has created strong momentum; reiterating existing guidance for 2025, 2026 and 2027
' |
 Metro Bank’s transformative journey from disrupting the banking norm to championing a customer-centric culture epitomises its commitment to creating fans. By integrating customer insights into every facet of their operations, Metro Bank continues to reshape the banking experience, emphasising empathy, understanding, and a resolute focus on their customers’ needs. Read our full client story to uncover how Metro Bank’s partnership with InMoment is resulting in a positive impact throughout their organisation.
Key Highlights include:
Positive Shift in NPS: Partnering with InMoment for their Experience programme resulted in a positive shift in Net Promoter Score (NPS), indicating increased customer satisfaction and loyalty.
Surge in Response Rates: Relocating surveys within the app led to a surge in response rates, allowing Metro Bank to gather richer data and insights.
Streamlined Operations: InMoment’s tools facilitated streamlined operations, enabling Metro Bank to act swiftly on insights and implement strategic changes.
Download the full story to uncover Metro Bank’s secrets to success! |
Hazl, on the very slim chance you are a real PI naïve investor - it's not good.
Frumkin nailed you all the day before release. That kills low 80s instantly.
I really think Fitch have to do a rewrite, given the context of the last report. |
Key Highlights include:
Positive Shift in NPS: Partnering with InMoment for their Experience programme resulted in a positive shift in Net Promoter Score (NPS), indicating increased customer satisfaction and loyalty.
Surge in Response Rates: Relocating surveys within the app led to a surge in response rates, allowing Metro Bank to gather richer data and insights.
Streamlined Operations: InMoment’s tools facilitated streamlined operations, enabling Metro Bank to act swiftly on insights and implement strategic changes. |
Metro Bank’s transformative journey from disrupting the banking norm to championing a customer-centric culture epitomises its commitment to creating fans. By integrating customer insights into every facet of their operations, Metro Bank continues to reshape the banking experience, emphasising empathy, understanding, and a resolute focus on their customers’ needs. Read our full client story to uncover how Metro Bank’s partnership with InMoment is resulting in a positive impact throughout their organisation. |
Metro Bank’s Mission to Create Fans, not Customers |
Spread is what mms will offer you and what level they will sell to you.
Nothing to do with bots son.
Keep up! |
Hi Hazl. You were talking about bots earlier? Lol |
Very good spread, which I think shows mms are comfortable either way.
imo |
Cashing in on
Customer Insights
Recognising the complexity and noise in customer
feedback, Metro Bank underwent a transformative
journey in its customer insight programme. Metro Bank
partnered with InMoment to overhaul its approach. The
collaborative effort aimed to redefine their insight strategy
by incorporating competitive benchmarking, relationship
surveys, and touchpoint surveys to understand customer
“moments of truth.” Their democratised, integrated
data approach and tailored dashboards disseminated
insights across the organisation, which has empowered
stakeholders to make informed decisions aligned with
customer sentiment. |
Of al the times to post that |
Metro Bank introduced an alternative approach, focusing on stores over branches, prioritising exceptional customer service, and crafting an inviting banking environment.
By providing services like secure deposit boxes, instant card printing, and fostering an inclusive environment thatextends a warm welcome to both dogs and children,
Metro Bank has embraced a retail-inspired model, setting it apart
from traditional banking structures.
Despite facing challenges and a highly competitive market, Metro Bank persisted. Over the years, they’ve seen rapidchanges in banking, from face-to-face interactions shifting to online transactions.
Yet, Metro Bank remains committed to its service-based model, emphasising personal
connections while evolving to excel in online channels.
Metro Bank has embraced a retail-inspired model, setting it apart from
traditional banking structures. |
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