Metro Bank Share Discussion Threads

[jamesdyson] 25/10/2019 23:01

Russell Crowe: thank you for copy-pasting my posts from LSE here.

At least give credit where credit is due.
;-)

[asusasus] 25/10/2019 21:57

Phil so you think it will go to 228 and then bears to capitalize?

[sentimentrules] 25/10/2019 21:18

I'd take that sounds good

[phil2003] 25/10/2019 21:10

So, text book (high probability) consolidation pennant forming on the weekly chart.

Looks like Continuation upto £2.28p then tears for the bulls and big profits for the bears..

You heard it here first kids.

[sentimentrules] 25/10/2019 19:36

He decided to retreat until 359 I think..lol

[sentimentrules] 25/10/2019 19:22

Not that one can give it much weighting. Bear or bull but, that's the stats

[sentimentrules] 25/10/2019 19:22

True outlaw

But the aggregate broker rating price has reduced 24.45% from the October peak. .and 17% of that reduction has been post results.

[outlawinvestor] 25/10/2019 18:38

HSBC RAISES METRO BANK PRICE TARGET TO 190 (180) PENCE - 'HOLD'

hxxps://www.morningstar.co.uk/uk/news/AN_1571992875565961400/uk-broker-ratings-summary-goldman-says-buy-boohoo%3b-peel-hunt-ups-asos.aspx

[sentimentrules] 25/10/2019 18:25

Well fair isn't it outlaw..public funds protection

[sentimentrules] 25/10/2019 18:25

Pikey re respected poster hahaha

[outlawinvestor] 25/10/2019 18:24

That's because here in the UK we really really don't like bailing banks out - whether that's RBS or Northern Rock.

[sentimentrules] 25/10/2019 18:23

Maybe UK makes more sense. Won't be a litany of bank threats with any future crisis

[leoneobull] 25/10/2019 18:17

Says it all about perception of EU bureaucracy vs. UK?while eurozone regulators put the MREL shock absorber on lenders with assets over £100bn, The Bank of England set its requirement much lower, at over £15bn.

[leoneobull] 25/10/2019 18:09

All challenger banks are being unfairly punished by UK regulators . I reckon they will loosen the rules for smaller players, with a major rerate to follow.

[1oughton] 25/10/2019 17:52

Enjoy your posting of another hundred posts of drivel till gone midnight you sad fool

[sentimentrules] 25/10/2019 17:45

1oughton sets the standard on most threads. Can anyone find one nice post in his post history?

Class....

[leoneobull] 25/10/2019 16:57

In my time I've seen plenty of share prices plummeting by 90% over the course of 12 months, though it's rare that such a thing happens to a bank. But Metro Bank (LSE: MTRO) managed to pull it off.Since a low of 155.2p on 27 September, however, Metro Bank shares have gained a third, to stand at 208p at the time of writing.The bank's accounting error that came to light early in the year initially looked like it might have been a one-off from which it could recover reasonably quickly, even though it needed an early cash-call of £350m to shore up the balance sheet. But since then, the confidence of both customers and investors has been severely damaged.Withdrawal runAfter the series of catastrophes that kicked off the banking crisis, a bank really can't expect customers to leave their money untouched if there's even the slightest hint of insolvency, and it should have come as no surprise that Metro Bank suffered a run on savings in the following months.By the interim stage, the bank had seen net outflows of £2bn which left total deposits standing at £13.7bn, while a £3bn increase in lending had pushed total loans up to £15bn. That was a worrying shortfall in deposits, and it would have been even bigger had it not sold off a £521m loan portfolio that it acquired in 2017.Still, at the time, at least the run of withdrawals seemed to have been stemmed, as Metro reported a return to deposit growth with net inflows in the eight weeks to the announcement of more than £700m.City shunThe lack of confidence in the City was highlighted by Metro's initial failure to get a big new debt issue off the ground, even when it was offering a huge 7.5% interest rate. A later attempt was successful, but only at an even bigger 9.5%.The bank's attempts to regain some respectability in the City required the departure of founder and chairman Vernon Hill, and it seems investors really couldn't wait to see the back of him. So much so that, on the day of the Q3 trading update Wednesday, came the news that Hill had stepped down with immediate effect, ahead of his initial plan to remain in position until the end of the year. He apparently "agreed to accept the honorary position of Emeritus Chairman." I guess some small degree of face-saving is understandable.Turned the corner?The positive I take from the quarterly figures is the improving loan-to-deposit ratio. The firm attracted 106,000 new customers in the quarter, taking the number to 1.9m, and enjoyed net deposit growth of £528m to take the total to £14.2bn. Flat net loans at £14.9bn bring the critical ratio down to 105% - not a huge drop from the 109% at the halfway stage, but in the right direction.The bottom line for me is that Vernon Hill has gone, Metro's new borrowings should significantly steady its solvency, and the net movement of funds is reversing in direction.I'll wait to see full-year results, but I think the chances of a catastrophic ending to the Metro Bank saga have receded considerably.