[Finance] Metro Bank Shares

[Knocky's Nose]

Faceplanted once again. I've been watching these and almost bought at 197p. Down they've gone again!!

Time to buy?

 

[Triggaaar]

Never catch a falling knife

 

[Knocky's Nose]

Never catch a falling knife

but if you're lucky, you catch it by the handle...

 

[LamieRobertson]

Never catch a falling knife

And never give financial advice unless you know what you are talking about and know the persons overall financial position and even then just maybe

Ps the three month graph tells you a fair

https://www.lse.co.uk/SharePrice.asp?shareprice=MTRO&share=Metro-Bank

 

[beorhthelm]

haven't watched the price but have read about the business. they tried to expand too fast, some accounting problems, now couldnt fill a bond issue. thats not good signal for a bank. on the other hand they have fallen so far that they do look cheap as a recovery or take over target.

 

[Triggaaar]

but if you're lucky, you catch it by the handle...

Easier just to pick it off the floor.

And never give financial advice

Well obviously

 

[Bozza]

Chasing stocks down like this can get very messy. You keep topping up / averaging down the price you hold at - "it can't go any lower, can it?"

https://www.fool.co.uk/investing/2019/09/25/does-the-metro-bank-share-price-now-make-it-a-bargain/

"Of course, the truth is that many people, on both the debt and equity sides of the market, think there is just too high a risk of the bank going bust. It is hard to imagine now, but Metro stock was £40 a share in early 2018. They are now about £1.80 – a 95% decline.

One needs to be careful about not falling into the fallacy of thinking that the price can’t fall further. A further 95% decline would see the stock at 9p per share, which would be twice as high as that other struggling firm, Sirius Minerals."​

 

[Knocky's Nose]

Yep. I read that....

The cynical side of me sees people talking the stock down - then when it can't go any lower, they buy a shit load, then talk it up......