You are right about the price 10 years ago, and I believe this share still has some decent upside in it, but I think the world for banks has changed....and unless we see a big rise in rates, which improves their margins, I don't think we will see £10 any time soon, although I sincerely hope i am wrong!
I have held Santander for some five years now. I have often posted as to their excellent dividends, paid quarterly and at well over 6%, but this is the first time I can report being in profit on my holding. They have risen through December and January and are now showing a 7% profit on my cost price. The combination is almost too good to be true. Excellent dividends and good price growth. I still believe the company to be extremely well run internationally. The way they managed to enter the UK… Read More
Results were ahead of forecasts which is always a good sign. I note a view of the commentaries saying 2017 will be tougher for the bank and maybe that will be the case in respect of regulation, but I think the South American economies may start to recover after much uncertainty and whilst I am not close to the economy in Spain, I see strength in how the UK arm is run. A few weeks consolidating at 450p will do nicely before further advances perhaps?
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