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
  -2.60 -0.52% 497.40 641,402 16:35:26
Bid Price Offer Price High Price Low Price Open Price
489.60 499.80 509.00 478.80 509.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 444.40 40.60 29.10 17.1 485
Last Trade Time Trade Type Trade Size Trade Price Currency
17:13:20 O 4,317 497.40 GBX

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Date Time Title Posts
23/7/201920:03Metro Bank1,414
23/7/201919:39METRO BANK - Moderated 281

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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 500p.
Metro Bank Plc has a 4 week average price of 452.40p and a 12 week average price of 452.40p.
The 1 year high share price is 3,512p while the 1 year low share price is currently 452.40p.
There are currently 97,420,458 shares in issue and the average daily traded volume is 991,664 shares. The market capitalisation of Metro Bank Plc is £484,569,358.09.
liquidkid: Sparky, the Paddy Power reference. Retail in the UK can only short using Spreads or CFD's which is not in the domain of a retail broker. All the clients are long only. Return to seller: Metro Bank plots £500m Cerberus loan deal By Mark Kleinman, Sky City editor After a fundraising, which allayed immediate fears about its ability to continue trading amid deepening concerns about its financial position Metro Bank acquired a £520m buy-to-let portfolio And.. hxxps:// By Noor Zainab Hussain and Simon Jessop "John Cronin, financials analyst at broker Goodbody, said selling loan assets made sense but was cautious about the impact on future profitability. Cronin told clients in a note that any bounce in the shares could be a good opportunity to lay bets on future falls. "Any excitement that drives share price gains ... in response to this (Sky) news article should be seen as an opportunity to build on a short position," he wrote." "Balance sheet shrinkage is never ideal in the case of a company that has attracted an investor base owing to its high growth prospects. However, capital sufficiency trumps growth and profitability considerations at the current time," he said. It would be in the public interest that the Goodbody short sale note is made publicly available.
nhs buyer: It appears Chinese Investor is currently holding and he's looking at selling when the share price gets to 510p. He's very good don't you think?
chinese investor: I can't help notice the share price is dropping ! I'm so relieved I no longer hold.
future financier: Oh dear buywell - we'll soon have the prof on complaining how the daily rental on his deposit box exceeds the amount in his piggy bank that is in the box. But at least it will help to support the MTRO share price for him.
aztec786: Are u serious. Share price is collapsing
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: 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.
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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