MoneyTalk

 

A Bank Flotation Worth Watching

05 September 2011
In this week’s episode:

Ahead of next year's rumoured flotation of Metro Bank, David Kuo chats with its chairman, Anthony Thomson. They look at how the bank has coped with the economic downturn and how it might grow over the next few years.

 

A transcript of this podcast is also available.

Anthony Thomson and David Kuo
Anthony Thomson and David Kuo

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Comments

The opinions expressed here are those of the individual writers and are not representative of The Motley Fool. If you spot any comments that are unsuitable hit the flag to alert our moderators.

rober00 05 Sep 2011 , 5:12pm

Very good David, I wondered what had happened to them!!!

Valencian 06 Sep 2011 , 9:27am

As I've commented before, I look forward the weekly MoneyTalk pod cast but have to say this return to Metro Bank was very disappointing. I can recall hearing the previous pod cast on Metro Bank which was not that long ago and at that point the broadcast was relevant, newsworthy and interesting as this new bank started trading. This weeks cast however had nothing new to add, other than that they now have eight branches instead of two and offer a credit card. Other than this it was pure advertorial and hopefully Metro Bank paid for the air time. The cast was interestingly entitled 'A Bank Flotation Worth Watching' which caught my interest however this floatation issue was only covered in the last 2 minutes of the recording and was really irrelevant to the main thrust of the cast.
Very disappointing, if Metro Bank did pay for this advertorial slot then fine but please do state in advance when advertorial casts are being broadcast and I can then be ready to delete early.
I really think you do a great job with these broadcasts and have set high expectations, I can understand that filling this weekly slot with interesting and educational topics and speakers is a tough task which you generally achieve, however maybe just me but I think you fell short of the mark this week.

All the best, looking forward to next week already.

XMFSonia 06 Sep 2011 , 10:30am

Glad you enjoyed this podcast roberoo.

Sorry to disappoint you this time Valencian. Hopefully next week's podcast may be your cup of tea. David will be chatting with David Jones from IG Group about spread betting in volatile markets.

Foolish regards,
Sonia

spyknife 06 Sep 2011 , 8:58pm

Metro Bank sounds boring, the market capitalisation would be far too small and its customer base almost basic.
NWR is a better investment, New World Resources has a great future.Heard it here first !

spyknife 06 Sep 2011 , 9:03pm

But if you want to invest in banks Banco Santander or BNC
looks good if you can get in around 500p or less.
It has far better growth prospects in the longer term than metro bank and pays decent dividends.
But be prepared for a rollercoaster ride in the short term, but if you are prepared to hold for the long term you will be well rewarded.

drfuzz 07 Sep 2011 , 9:55am

spyknife, I agree but then again I've been singing BNC's praises since 750p! It's a very interesting one, roughly 50% of revenue and profit, is now coming from Latin America, but it's Spanish base is holding it back, even though BNC's only relies on Spain for about 20% of revenue and profits (the UK is now accounting for roughly the same)... I kind of see it as a Spain-based HSBC... however it's hard to know if we're going to look back in a couple of years and see that BNC was stupidly undervalued at 500p, or if the (pretty high) spanish exposure on the balance sheet turns it into a basket case.

carpetbagging 19 Sep 2011 , 4:21pm

What a terrible podcast, as another poster pointed out, it's just an ad for Metro Bank.

Very poor fool.co.uk!

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MoneyTalk is a podcast from The Motley Fool (UK). Hosted by David Kuo, it’s a lively roundtable discussion where Fool writers and guests from the world of money thrash out the financial issues of the day.

Join us as we take an irreverent look at anything and everything to do with shares – from how to pick your first share to how to manage your own pension to what mini skirts have to do with Britain's economy (quite a lot, according to David).

From quick tips on how to tidy up a wayward portfolio to in depth discussions with industry experts, MoneyTalk tackles a different topic every week.

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About the presenter

David Kuo is The Motley Fool’s media personality. He can be heard on BBC London’s (94.9FM) Breakfast Show where he arouses listeners every weekday morning with his unique brand of financial news. He is also a regular commentator on national news programmes including CNBC, BBC News, and Sky News.

David stumbled into the world of broadcasting at the turn of the Millennium when he was invited to comment on the stock market crash. He says, “I think I stunned Londoners speechless when I said the good thing about the crash is that shares are now more affordable for people who want to invest in the stock market!”

His attitude to investing has never wavered, as he always sees downturns in the market as a buying opportunity for long-term investors.