Share Name Share Symbol Market Type Share ISIN Share Description
Metro Bank Plc LSE:MTRO London Ordinary Share GB00BZ6STL67 ORD 0.0001P
  Price Change % Change Share Price Shares Traded Last Trade
  +140.50p +26.19% 677.00p 79,772,696 16:35:04
Bid Price Offer Price High Price Low Price Open Price
669.00p 671.00p 690.00p 608.50p 612.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 444.40 40.60 29.10 23.3 659.5

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Date Time Title Posts
19/5/201919:53METRO BANK - Moderated 48
17/5/201912:07Metro Bank1,263

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Metro Bank Daily Update: Metro Bank Plc is listed in the Banks sector of the London Stock Exchange with ticker MTRO. The last closing price for Metro Bank was 536.50p.
Metro Bank Plc has a 4 week average price of 475p and a 12 week average price of 475p.
The 1 year high share price is 3,512p while the 1 year low share price is currently 475p.
There are currently 97,420,458 shares in issue and the average daily traded volume is 1,264,764 shares. The market capitalisation of Metro Bank Plc is £659,536,500.66.
tenpercent: In proportion to market cap this company now has a huge pile of cash after the fund raise. Can only see this share price going one way now although there will be volatility along the way for sure.
fast mover: Metro Bank CET ratio goes to 15.1%, post the placing... The board are also buying shares and there is a 6 month lock up period for those participating in the placing at £5.00. I think this underpins the share price and if anything the shorters will close out. It will be interesting to see what happens tomorrow with the share price
fast mover: Ahahahahah let's see what the placing price is.... I don't think it's £2.00 with the share price where it is... I reckon £5.00
fast mover: The announcement comes tonight confirming £350mill is raised reading the press.They should have raised the capital in January when the share price was £15 and the original shareholders would be buying the rights issue at £13... The shorts will be squeezed.
fast mover: Metro Bank holds out the begging bowl as it battles to raise £350m after share price crash. Metro Bank (MTRO) has launched a final push to tempt new investors in a battle to raise £350million – with the results expected tonight. Chairman Vernon Hill has been calling senior City figures to seek support, after a share price crash following an accounting error. Metro has also approached sovereign wealth funds about buying new stock, sources said, and is expected to announce it has raised the money from a mix of new and existing investors, after markets have closed this evening.
fast mover: Surely Vernon will take Metro Bank private if the share price dropped to £1.00 l?it would be capitalised at £100mill making £50mill net profit per annum.PE of 2The mortgage book has massive value and a competitor I would swallow it up?
this_time_its_different: The bank run was caused by the declining share price and high levels of short interest. The whatsapp messages are secondary. If you suspend the shares, it stops the panic on the high street. Everyone I know is basically wanting to pull their safe deposit boxes and cash out. Even with FSCS, why deal with administrators.
alexios1201: Metro Bank seeks extra cash as it hits fresh lowKatherine Griffiths, Banking EditorMay 10 2019, 12:01am, The TimesMetro Bank could substantially increase the amount of capital it raises in a planned rights issue and unveil a new management team as part of efforts to stabilise the high street lender reeling from an accounting blunder.Shares in Metro slumped another 8 per cent yesterday to a new record low on speculation that the bank could tap investors for even more than the £350 million it said in February it would raise. Banking sources said that they expected the bank to have to change its senior management as the price for its recent mistakes and the sharp fall in the share price
h2owater: Metro Bank Shares Fall Further as Short-Sellers Pile PressureBy Harry Wilson9 May 2019, 14:25 BST Lender is the most heavily shorted stock on the London market Metro is attempting to raise 350 million pounds from investors BANK PLC515.00GBp-75.00-12.71%Metro Bank Plc shares slumped to a fresh low as investors bet that the struggling British lender will fall further as it attempts to raise 350 million pounds ($455 million).The bank is the most shorted company on the London market, with 13% of its shares out on loan to funds speculating on its stock price falling, according to data compiled by Bloomberg. Many investors have raised their bets against the bank since February, when it revealed problems in the way it classified certain home loans.Odey Asset Management LLP has taken the largest short against Metro with a 3.83% position, which topped up earlier this month. Marshall Wace LLP has the next largest short with a trade worth 1.89% of the bank's shares, which it also increased this month.Shares in Metro were down more than 10% at 2:09 p.m. Thursday and on course for their lowest close since selling shares in 2016. On Wednesday, the stock lost just under 7% and the shares are on a five-day losing streak, their worst run since March. The bank, founded by American entrepreneur Vernon Hill, has lost more than two-thirds of its market value so far this year.Results last week from the bank showed that some business customers had withdrawn deposits since its accounting problems were revealed, sending its shares and bonds tumbling. Metro has said that it expects to complete a fundraising by the end of this quarter."I believe it is dropping as investors become increasingly aware that Metro will need to do another capital raise next year if it only raises 350 million pounds this year. So, they might scale up the issue, which means a deeper discount, I would suspect," said John Cronin, financials analyst at Goodbody.A spokeswoman for Metro Bank declined to comment on the share price fall.
alexios1201: Bank may have to give away almost half of the company to persuade investors to hand over £350 million to strengthen its finances because of its plunging share price.Analysts and market participants believe that the high street lender may have to price its rights issue at a 40 per cent discount to its present level, leaving investors facing the prospect of their holdings being deeply diluted unless they put in more capital.According to sources, the capital-raising could be priced at between £4 and £4.50 a share, compared with the share price of 638½p at the close on Friday, down 11½p, or 1.8 per cent, on the day. Many of the bank's investors paid £34 a share in July last year, when Metro raised £300 million, or £20 at its flotation in 2016.John Cronin, an analyst at Goodbody, said: "There are various scenarios about how this could play out and it depends on share price developments. My instinct is that a level of £4 to £5 is where the underwriters are prepared to underwrite it."A senior banker added that earlier expectations of £6 to £6.50 being achieved were overly optimistic. "That is the share price now. There will probably be a discount of 30 to 40 per cent from here," the banker said.
Metro Bank share price data is direct from the London Stock Exchange
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