Metro Bank Share Discussion Threads

[smartie6] 24/10/2019 08:54

Wow, 203p and slowly rising.
Ladies, beginning to hurt.
Let us go slower, slower.

[sentimentrules] 24/10/2019 08:51

Calling all gerbils .buy buy side 200+..sooner you do the sooner we tank haha

What a slaughter house coming. And European bank reporting fortnight imminent too. Won't be sweet

[smartie6] 24/10/2019 08:50

Please Rum put some clothes back on, you are practically naked. Lol.

[amaretto1] 24/10/2019 08:50

Is it still a growth stock then ?? PE wise.

[rumobejo] 24/10/2019 08:49

when it comes to results then you can't argue with that monkeys

1. Underlying loss before tax(1) of GBP2.2 million in Q3 2019 (Q2 2019: GBP6.7 million profit)

2. Metro Bank is further evaluating its future plans to balance growth, profitability and capital efficiency (aka placing regardless whatever porkies they told in conf call)

3. Underlying earnings per share - basic 6.3p down from 32.6p (-81%) ffs

4. September saw net deposit outflows of GBP213 million

5. Commercial customers (excluding SMEs(3) ) GBP 2,829 down from GBP5,194 (-46%) ffs

6. Deposits from commercial customers GBP 5,990 down from GBP8,045 (-26%)

7. Operating costs 20% up to (298.5m) from (249.6m)

8. Statutory (loss)/profit after tax (3.6m) loss from 25.1m profit

9. Cash outflow at 9.5% on the £350m bond issue for yet 6 years to come

10. FCA fine for accounting probe near 1 billion £

[smartie6] 24/10/2019 08:48

Slow rise please, make each penny really begin to hurt. Rum and Ammu, can you feel the gut wrench coming?

Phone the doctors we have 2 shorters with gastroenteritis. Lol

[rumobejo] 24/10/2019 08:47

"Wow over 200p again" PSML
is that what bulls dreaming off now?!!!

99p

[pre] 24/10/2019 08:47

okay interesting view cant:-0)

[cantrememberthis2] 24/10/2019 08:46

Idiot talking again?
FXprotrader
24 Oct '19 - 08:45 - 17359 of 17359 (Filtered)

[cantrememberthis2] 24/10/2019 08:45

I don't want to see any Director Buying - as no buys would be that they have been approached / bid etc....
Great volume today.

[pre] 24/10/2019 08:43

the great news here is that we are out of a close period, so directors can start buying...be interesting to see what VH has up his sleeve...for him and his billionaire mates, to buy this bank will be pocket money now...book value £10 per share based upon shareholders funds of £1.7bn, so 5x current sp:-)

[smartie6] 24/10/2019 08:42

Wow over 200p again. Here comes the slow rise. Hope it is not a rapid one as really would like to see more tears and posts from Rum. Lol.

[smartie6] 24/10/2019 08:40

Rumobejo, please stop it, I really do not like to see a lady cry. Lol.

[smartie6] 24/10/2019 08:39

Midas, they were betting against us for a 150p or less today. Unfortunately SR too.

Do not worry guys you can start agin with the FCA comments. But if you do tell us what the overall impact on the RWA was.

[rumobejo] 24/10/2019 08:37

one more time for the blind and deaf

1. Underlying loss before tax(1) of GBP2.2 million in Q3 2019 (Q2 2019: GBP6.7 million profit)

2. Metro Bank is further evaluating its future plans to balance growth, profitability and capital efficiency (aka placing regardless whatever porkies they told in conf call)

3. Underlying earnings per share - basic 6.3p down from 32.6p (-81%) ffs

4. September saw net deposit outflows of GBP213 million

5. Commercial customers (excluding SMEs(3) ) GBP 2,829 down from GBP5,194 (-46%) ffs

6. Deposits from commercial customers GBP 5,990 down from GBP8,045 (-26%)

7. Operating costs 20% up to (298.5m) from (249.6m)

8. Statutory (loss)/profit after tax (3.6m) loss from 25.1m profit

9. Cash outflow at 9.5% on the £350m bond issue for yet 6 years to come

10. FCA fine for accounting probe near 1 billion £

[smartie6] 24/10/2019 08:34

Rumobejo and Ammu, I do not believe Midas meant to call you such a nasty name, that said he does have a point. Lol.

[hussyo] 24/10/2019 08:33

To answer my own question from yesterday - deposit growth v margin compression - it's the former by a compressed margin!

For the bears obsessed with path to FCF, this period in the business has always been about building those sticky deposits, which they are very good at. The new strategy will likely see them move toward riskier loans - OSB has a NIM of 2.78, thank primarily to Kent Reliance. I'm also convinced we'll see a Brexit deal soon, which I've said before will have several positives for banks.

[smartie6] 24/10/2019 08:30

Rumobejo and Ammunition sat stark naked. Come on ladies put some clothes on. Lol.

I believe it just went over 200p and rising. May retrace a little but going up and up.
Let us have some Directors getting onboard and a few more shorters reducing.

[pre] 24/10/2019 08:30

Could well be spoarky333, the shorts have huge exposure here and the snowball effect of them closing one by one will be very significant. imo..