Metro Bank Share Discussion Threads

[pre] 23/10/2019 18:05

Very happy with trading update a very nice surprise indeed and exceeded my expectations...shareholders equity at £1.7bn, so around £10 per share...bring it on, watch them start closing now:-)))

[sentimentrules] 23/10/2019 18:04

"Surely shorters reduce and FCA assumptions"....

Not been reading the latest phase of investigation? An accounting error? Loool

[sentimentrules] 23/10/2019 18:03

I think you have got it wrong here smartie. ...

[smartie6] 23/10/2019 18:01

Rakepat, expectations should be managed for now, next step up should be 230’s. Continued improvement thereafter should see this rise gradually. Large increases surely only possible as shorters reduce, and FCA conclusion, hopefully a low penalty given overall impact of the accounting error. I’m hoping we do not see any takeover bids as just feel upside will only be c. 30%.

Only my opinion.

[sentimentrules] 23/10/2019 17:59

I'm afraid you needed gold dust to change it around here...never came

[sentimentrules] 23/10/2019 17:58

Rakepat align research hold stock..been calling a buy for around a century haha

[idontflykathy] 23/10/2019 17:50

Hi Prop; Chucko,


Please share your thoughts once you read and near call.

Will put my thoughts later.

Thanks

[rakepat37] 23/10/2019 17:49

From align... To conclude, this is a £4-5 stock in our eyes trading at £2 although we suspect tomorrow morning that will not be for long and would not be surprised to see the shares trade towards £3 before the week's out. As per the data here, nearly 10% of the float remains out short and given volumes in recent days we are not sure where this stock will come from on a sentiment change. Buy.

[idontflykathy] 23/10/2019 17:48

Who else on the call ?


Q3 2019 results

17:30pm (UK) 23 October 2019

Conference call:

UK: [phone]

US: [phone]

Pin: 24502748#

[sentimentrules] 23/10/2019 17:46

If anyone expects a media turnaround tonight your sadly mistaken. ..

[kemche] 23/10/2019 17:46

Just wait till the q3 results

[kemche] 23/10/2019 17:46

£4 by Friday - I am reliably informed.

[sentimentrules] 23/10/2019 17:45

Smartie I'm translating it from a different perspective. Of course I may be wrong. Who may not be wrong here?...tomorrow leads the way (and the shorters lol)..

There was nothing to write home about. ..as I said yesterday ..pretty flat expectation

However much was negative. Especially growth considerations looking forward

Debt does that..

[sentimentrules] 23/10/2019 17:43

Whispers you mean forum garble. Jees lad...

[amaretto1] 23/10/2019 17:42

I've heard whispers we will be taken over... before finals !!! Makes sense if u read the q3

[smartie6] 23/10/2019 17:40

SR, I feel you are wrong in your posting. The results are consistent with those of the proposal. Only a slight reduction in deposits which is impressive given the amount of negativity around the September and the failed bond etc.

Media will have their own spin to suit personal agendas I expect. Nothing unusual there I guess.

I think your £1.55 is a long way off at this time.

[sentimentrules] 23/10/2019 17:40

Rakepat if it opens up il be thanking gerbil bulls and shorting more haha

[rakepat37] 23/10/2019 17:38

hxxp://www.alignresearch.co.uk/metro-banks/metro-bank-3q-results-looks-like-one-in-the-eye-for-the-shorts/

[outlawinvestor] 23/10/2019 17:36

Not even the ramper-in-chief is spinning these results! And that's a first!
Of course I might be speaking too early...

[sentimentrules] 23/10/2019 17:32

Here is a quote from FT lex

Look at that last sentence from a credible source. .



Ultimately, Metro illustrates the trouble for challengers everywhere. By definition, they push the envelope. That draws the attention of regulators, even without Metro’s eccentricities. Metro shares now trade at one twentieth of their £40.40 peak and a tenth of the £20 IPO price. Alas, Mr Hill’s departure is far from enough to turn this dog round.

[sentimentrules] 23/10/2019 17:31

Balance sheet growth now looks pathetic. Could sell off loans but leads to reduced earnings..etc etc

Your not getting it..

It's not the most shorted stock based on today...that's coming. ..