They'd have to be paying dividend in my opinion to rise that high and that won't happen until at least 2017 so no dice on it rising that high in next few months. If you compare book value to book value of other banks you might see where value will go. Also, with shares priced in Euro and Euro plummeting their exports (business in UK) would be more valuable in Euro terms thus rising Euro share price. Only way they rise that high this year is if there is a takeover, which won't happen unless Government either sells their shares onto the market or as a block to the big guys.
Hi guys total novice here but can someone please explain the basis on what a bank share should go from 36c to 50c a rise of approx 40% in just a couple of months just can't get my head around how a bank share can rise so quickly on today's valuation is it undervalued by 40%.????
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