Metro Bank Holdings Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Metro Bank Holdings Plc LSE:MTRO London Ordinary Share GB00BMX3W479 ORD 0.0001P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 102.00 152,880 16:35:07
Bid Price Offer Price High Price Low Price Open Price
102.50 103.50 102.50 101.00 102.00
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:07 UT 56,096 102.00 GBX

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Posted at 07/6/2023 07:13 by paul planet earth

The accounting might work something like this.

Company A - New Co Holding Coy.

Company B - Existing Operating Bank

B issues bonus shares to A to transfer reserves amount transfer is aligned to A's expected H1 dividend payment for example £25m e.g. 15p a share.

CR Shareholder ac
DR Reserves

A records receipt of shares and reserve transfer.

DR shareholder ac
CR Reserves

A declares dividend.

CR dividends payable
DR Reserves

A needs cash to pay dividend

B Cash to A in form of loan.

CR Bank (amount dividend A to pay)
DR intercompany loan

A Receipt of cash from B

DR Bank
CR intercompany loan

A pays dividend

CR Bank
DR Dividend Payable

Bonus Shares cancelled


CR shareholder ac
DR Reserves

A now left with a CR interco loan owing B and a DR on reserves represent dividend distribution funded by interco loan.


DR shareholder ac
CR Reserves

B returned to its original reserve position but as cash has left B (as a loan to A) B is left with a DR interco loan asset.

Overall group reserve loss (A and B) increase to reflect cash leaving business as dividend. But net historical reserve loss reduces as 70% of this year's retained earnings profits made are not paid out as a dividend.

Hence Metro Bank can both pay a dividend and over time improve the health of its balance sheet ie materially start reducing the size of historical losses on retained reserves.

Notes: Interco loan A to B can simply be debt forgiven at some point which would mean zeroing out A balance sheet..In A DR interco loan CR reserves and adjust B balance sheet CR intercompany loan DR reserves. As Metro Bank's profits and hence retained reserves are expected to grow all the above simply washes out..

Further Note: Corporation Tax..either not applicable due to historic losses or as dividends are paid out of tax profits an accrual is made for tax payable equivalent to c.25%, possibly less for dividend payment in A (funded by loan from B) if deemed necessary by HMRC.

A voila Metro Bank is now a healthy dividend paying (high dividend yielding) company with dividend commited cashflows..Share Price re-rates upwards sharply.

Posted at 06/6/2023 23:08 by paul planet earth
My expectation is that Metro Bank uses the bonus share strategy and company structure to carve out 30% of distributable 'annual reserves' as Metro Bank is now profitable and pass these to the New Co holding company which will declare a regular dividend. This equates to a 30% yield probably 15p to 20p dividend initially this year and rising fast in future years as rates rise but more importantly near zero rate loans with existing borrowers mature forcing them to pay more in future with higher interest rates. The remaining 70% of current years reserves would then be withheld within the operating bank company to reduce the £1b historical loses and bring it back to positive territory within the next 2 to 3 years.

Going fwd as more fixed term near 0% borrowers move to much higher rates we could see £300m to £400m each year shaved off historical losses and still leaving a healthy sum to pay out by way of bonus share issues through New Co Holding Company..

That way the share price recovers to easily north of profits become commited cashflows..I think that's what Dan and the mgt team are aiming for and the turning point has now been reached.

I believe the market hasn't quite cottoned on to the implications of that RNS yet and what it actually is going to mean in practice. But when it does the share price will re rate much higher..The only real fly in the ointment is the degree of loan defaults as rates rise and risk of recession..Although economic forecasts now point to a stable economy and less risk of that on the immediate horizon at least not within the next couple of years.

Posted at 06/6/2023 08:04 by paul planet earth
Given the new Metro Bank holding structure and that the bank is now profitable and cash generative is the bank about to announce a dividend policy come July...That would be the next logical step following the successful business turnaround strategy would be to focus on measures to boost the share price to highlight that the bank is currently under valued by the market and what better way than through a dividend policy...A small 20p dividend per share declaration would rocket the share price come July..This would give Metro Bank the highest dividend yield in the bank sector by far allowing the share price plenty of scope to rise as income seeking investors driven by rising inflation plough into the inflation busting returns..I believe thats the planned turnaround capital restructuring and investor marketing also protects the bank from any low ball hostil takeovers (e.g. Carlyle 😊)..😊;😉🫠
Posted at 27/4/2023 10:56 by crazi
Odey pulling out, "claims Metro Bank will soon be the target of a rival bank"


Logical really as they are now profitable. Small but that will climb over time now. Worst is over and definitely a takeover target. Share price is very low for a British Banking licence... The only issue is the Large Shareholders are averaging much higher prices so any offer has to be probably a minimum of 5x current. But by next year with rise in share price that will fall to circa x2.5 which then becomes a possibility...

But any approach will see an instant 50% rise in share price ..

Joseph - your idle/hero Odey seems to be getting a dose of common sense. You should try and follow suit...

"A Metro Bank spokesman said it is 'profitable, well-capitalised and highly-liquid, with a loan book that is performing well."

Posted at 21/4/2023 08:28 by paul planet earth
What is the outlook for Metro Bank share price?

"The analyst consensus target price for shares in Metro Bank is 189.86p. That is 91.39% above the last closing price of 99.20p. Analysts covering Metro Bank currently have a consensus Earnings Per Share (EPS) forecast of £0.07 for the next financial year."

What is the trend in the Metro Bank share price?

hxxps:// › met...
Metro Bank Share Price - LON:MTRO Stock Research

Posted at 15/4/2023 13:47 by gary_barlow
Just in Greggs having a coffee. The Metro share price is 99p. There's nothing in here you can get for 99p. It won't be long now until the Metro share price is equal to a little paper sachet of sugar. Now put that in your coffee, and drink it. Love, Gary.
Posted at 17/3/2023 12:11 by ball deap
I had a rentboy round last night, I was watching a politician smashing in the back door, "I said where do think this is going? " He said after a few pumps it will be done. " I said " no , I meant MTRO share price "
Posted at 02/3/2023 07:32 by hazl
Metro Bank Share News (MTRO)

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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
0.00 0.0% 150.00 149.80 154.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 418.5 -248.2 -144.0 - 259
Metro Bank plc: Results for Year ended 31 December 2022
02/03/2023 7:01am
UK Regulatory (RNS & others)

Metro Bank (LSE:MTRO)
Intraday Stock Chart

Thursday 2 March 2023
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Metro Bank plc (MTRO) Metro Bank plc: Results for Year ended 31 December 2022 02-March-2023 / 07:00 GMT/BST


Metro Bank PLC

Full year results

Trading Update 2022

2 March 2023

Metro Bank PLC (LSE: MTRO LN)

Results for Year ended 31 December 2022


-- Profitable in Q4 2022 on an underlying basis

-- Financials significantly improved year-on-year:? Underlying revenue increased 31% ? NIM improved by 52bps ? Underlying costs reduced 3%

-- Completed turnaround; 2023 is a transitional year

-- Targeting mid-single digit RoTE by 2024

-- Resuming store expansion in the North of England

Posted at 06/1/2023 18:44 by paul planet earth
Abit pointless Odey borrowing 4% of Metros shares more upside to share price than downside unless he's planning on selling them to a potential buyer rather than shorting them by selling at 118p to buy back at a lower price. I expect share price to hit 200p by end of Feb once results are released and it becomes clearer regarding the banks underlying profitability and turn around strategy taking fruit.
Posted at 12/12/2022 08:26 by thomas4billing
RNS File is closed and we can move on Conclusion of FCA proceedingsMon, 12th Dec 2022 08:14RNS Number : 3585JMetro Bank PLC12 December 2022 Metro Bank PLC (LSE: MTRO LN)12 December 2022 Metro Bank PLC ("Metro Bank") Legal Entity Identifier: 213800X5WU57YL9GPK89 Conclusion of FCA proceedings Metro Bank ("the Company") notes today's publication of the Financial Conduct Authority's ("FCA") decision that concludes its proceedings into the Company's historic Risk Weighted Assets ("RWA") disclosures. Metro Bank has cooperated fully with the FCA investigation and accepts the outcome. The £10 million fine is within the range outlined at the Company's Full Year 2021 results and has been fully provided for. Since 2018, Metro Bank has completed extensive remediation activity and made substantial investment to improve its disclosure procedures as well as enhancing its regulatory reporting processes, risk management framework and governance and compliance culture more broadly. The conclusion of these proceedings and of the Prudential Regulatory Authority's investigation in December 2021 brings the RWA legacy issues to a close. Moving forward, this represents an important milestone and allows the Company to remain focused on supporting its colleagues and the customers and communities it serves, and sustaining its profitable growth trajectory. ENDS For more information, please contact: Metro Bank PLC Investor RelationsJo Roberts+44 (0) 20 3402 Metro Bank PLC Media RelationsMona Patel+44 (0) 7815 TeneoCharles Armitstead / Haya Herbert Burns+44 (0)7703 330269 / +44 (0) 7342 About Metro Bank Metro Bank services 2.6 million customer accounts and is celebrated for its exceptional customer experience. It is the highest rated high street bank for overall service quality for personal customers and the best bank for service in-store for personal and business customers, in the Competition and Market Authority's Service Quality Survey in August 2022. This year it has been awarded "Best Mortgage Provider of the Year" in 2022 MoneyAge Mortgage Awards, "Best Business Credit Card" in 2022 Moneynet Personal Finance Awards and "Best Current Account for Overseas Use" by Forbes 2022 and accredited as a top ten Most Loved Workplace 2022. It was "Banking Brand of The Year" at the Moneynet Personal Finance Awards 2021 and received the Gold Award in the Armed Forces Covenant's Employer Recognition Scheme 2021. The community bank offers retail, business, commercial and private banking services, and prides itself on giving customers the choice to bank however, whenever and wherever they choose, and supporting the customers and communities it serves. Whether that's through its network of 76 stores open seven days a week, 362 days a year; on the phone through its UK-based contact centres; or online through its internet banking or award-winning mobile app, the bank offers customers real choice. Metro Bank PLC. Registered in England and Wales. Company number: 6419578. Registered office: One Southampton Row, London, WC1B 5HA. 'Metrobank' is the registered trademark of Metro Bank PLC. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Most relevant deposits are protected by the Financial Services Compensation Scheme. For further information about the Scheme refer to the FSCS website All Metro Bank products are subject to status and approval.Metro Bank PLC is an independent UK bank - it is not affiliated with any other bank or organisation (including the METRO newspaper or its publishers) anywhere in the world. Please refer to Metro Bank using the full name. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END MSCFFFSAEEESEFEFilter by Category?123Date Source Headline12th Dec 2022 8:14 am RNS Conclusion of FCA proceedings9th Dec 2022 7:00 am RNS Metro Bank Capital Update8th Dec 2022 11:18 am RNS Director/PDMR Shareholding7th Dec 2022 6:28 pm RNS Expected conclusion of FCA proceedings1st Dec 2022 2:59 pm RNS Total Voting Rights123Stay Informed!With our newsletters and social media channels.NavigationHome Share Prices Share Chat FX News Blogs RNS Media MembersShare PricesFinancial Diary Stock Picker Company Lookup Broker Ratings UK Industry Sectors Stock ScreenersChatRegular Share Chat Premium Share ChatMembersLogin Register Premium ServicesLive DataFrom:£18.32monthly and annualsubscriptions available.Get Live Data NowShare Trading £9.95flat rate per trade*plus no annual feesStart Trading NowDatafeed and UK data supplied by NBTrader and Digital Look. 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