Nuformix Share Discussion Threads

[soupdragon55] 08/11/2021 22:39

In depth research there... well done, I bet your family are proud of you.

[sentiment riles] 08/11/2021 17:49

The Mandarin Man is Going to provide a link imminently

You can all read about "Paul"

That will quieten him for a while haha

Stay tuned

[sentiment riles] 08/11/2021 17:47

Poor Paul

Shareprophets losing subscribers I hear

So is that who we should listen to ?

,😁😂

He said the same a few days ago and it went up 40%(. And Many sold day before the rise

No wonder he hides his shareprophets identity

With advise Ike that, better to donate it to cancer research monthly or something

[paul planet earth] 08/11/2021 17:45

Whatever Sentiment Riles recommends here do the complete opposite guaranteed positive result!..

FACT: He went long on SYME at 0.55p current share price 0.23p...He went short on Metro Bank 58p current share price 133p.

[bobby semen] 08/11/2021 15:36

History


Metro Bank in Sutton, London (top) and Borehamwood (bottom)
Metro Bank was granted its licence by the Financial Services Authority on 5 March 2010, the first high-street bank to be granted such a licence for over 150 years.[4] It planned to open between 200 and 250 branches in Greater London within ten years of starting up.[5] Its first branch opened on 29 July 2010 in Holborn, central London.[6]

In 2012, the bank raised an additional $200 million in funding from investors including Fidelity, Steven A. Cohen of hedge fund SAC Capital Advisors, and New York real estate investors the LeFraks and David and Simon Reubens.[7] In the same year, Forbes magazine reported that Metro's flagship Holborn branch had "...garnered $200 million in deposits, four times the total at the average mature American branch".[7]

On 2 May 2013 the Daily Telegraph reported that, following a loss of £8.8 million in the first quarter of 2013, Metro Bank's pre-tax losses had exceeded £100 million in less than three years since its launch, but the bank stated that these were planned for,[8] and were "a result of its growth initiatives".[9] In an interview with the Financial Times, Hill said the bank was "...in line with the business plan to rapidly grow this company". He added: "Our primary goal is to expand the business ... and profit certainly will come".[10]

Metro Bank increased its account holders by 50% in the first half of 2013 for a total of 200,000 customer accounts, including 15,000 business accounts. It was aiming to have 200 UK branches open by 2020.[11]

In January 2019, Metro Bank admitted classifying a portfolio of commercial loans for capital purposes incorrectly, thereby failing to hold sufficient capital to meet regulatory requirements;[12][13] the error applied to around 10% of its loan book.[12] The miscalculation was identified through a review by the Prudential Regulation Authority (PRA) but Metro Bank erroneously gave the impression that the bank had identified the incorrect classification itself.[13] To correct the error in the capital classification, Metro Bank announced a £350m share issue and said it would reduce its growth plans. It was also reported that the PRA and the Financial Conduct Authority were to investigate the circumstances of the error.[13]

As a result of the admission and the share issue announcement, Metro Bank's share price fell sharply, losing 40% of its value in the month after the announcement[14] and 75% in less than four months.[15] By March 2019, the BBC reported that Metro Bank shares were the second most shorted shares on the UK stock market.[16] Additionally, large depositors began withdrawing funds: Metro Bank admitted that there had been a 4% drop in its deposits in the first quarter of 2019 because of "adverse sentiment".[17]

In November 2021, Metro Bank entered talks with the Carlyle Group concerning a possible takeover bid.[18]

Services

A Metro Bank debit card, credit card and cheque book issued in 2011
Metro Bank provides banking services to personal and business customers. It is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority.[19]

Acquisitions and divestitures
Metro Bank acquired SME Finance in August 2013, and rebranded the business as Metro Bank SME Finance in May 2014.[20]

It was announced in August 2020 that Metro Bank had agreed to acquire Retail Money Market Ltd, a London-based provider of peer-to-peer loans trading as RateSetter. The price would be between £2.5 million and £12 million, depending on performance over the next three years. The purchase was subject to regulatory approval and the agreement of Retail Money Market Ltd shareholders, and was expected to complete in the fourth quarter of 2020. Metro Bank would continue the RateSetter brand and its operations, but new unsecured personal lending would be funded by the bank's deposits, not through peer-to-peer.[21] In February 2021, Metro Bank bought RateSetter's entire portfolio of loans, valued at £384m.[22]

In February 2021, Metro Bank completed the £3.04 billion sale of a residential mortgage portfolio to NatWest. The deal was agreed upon in December 2020.[23][24]

Management
Founder Vernon Hill received the Institute of Economic Affairs' Free Enterprise Award in April 2013. The organisation cited him as "a remarkable entrepreneur who has identified a clear opportunity and entered the UK banking scene at a time when the sector has been under constant fire".[25]

Craig Donaldson, the Chief Executive Officer, started his career on the Barclays graduate scheme in 1995.[1] Later he worked for the Royal Bank of Scotland where he met Hill.[1] Together they decided to set up a UK equivalent to Commerce Bancorp, and this idea grew into Metro Bank.[1] In 2015, Sir Michael Snyder joined Metro Bank's board with a view to developing Metro Bank's small business lending operations.[26]

In October 2019, Hill stood down as Chairman. He was replaced by Sir Michael Snyder who was appointed Interim Chairman.

Donaldson stepped down as CEO in December 2019, and was replaced by Daniel Frumkin from February 2020.[27]

Senior leadership
Chairman: Robert Sharpe (since November 2020)[28]
Chief Executive: Dan Frumkin (since February 2020)[29]
Former chairmen
Anthony Thomson (2010–2012)
Vernon Hill (2013–2019)
Former chief executives
Craig Donaldson (2010–2019)

[sentiment riles] 08/11/2021 15:15

Dear lord help the creature

[bobby semen] 08/11/2021 12:02

58p short SR at MTRO lol




blessssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss

[sentiment riles] 08/11/2021 11:45

Some serious dudes foreseeing it

Not surprising though with the stunning news expected

[sentiment riles] 08/11/2021 11:44

As long as she rocks baby,

Mucha Mucha

[sentiment riles] 08/11/2021 10:56

Takeover talk in dark web caves

Anything mainstream?

[inipvestor] 06/11/2021 17:10

Poor species

[inipvestor] 06/11/2021 13:04

Pish posh oush

[amaretto1] 05/11/2021 09:22

Going to move .... /

[sentiment riles] 04/11/2021 21:44

Who needs news with days like these lol

[peverill] 04/11/2021 15:16

Bit of news and we are off to the races.

[tomboyb] 04/11/2021 14:35

Excellent -

1.80-1.85p -