With tangible net assets per share 376p and the medium-term return on tangible equity set at a target of 9-11%, a return to the government's hoped for break-even point requires the attainment of the top-end of this range. Given the return on tangible equity was 7% during H1 there is clearly some hope factor now starting to be priced in.
With the next level being the government break-even level a little north of 400p - which is certainly obtainable with continued cost cutting, fewer regulatory issues and more bad bank reductions. So progress albeit not a straight line.
Meets at the holiday Inn,,,,,,,,,,, good timing for your post if it was meant for me and another scotsman,,,,,,, i will be at the Holiday Inn again on Tuesday,,, another meeeting in Derby on Wednesday morning.... you either have a great memory or a rather large note pad....
You're a I meant boring in a good way. Had these since early 2009. There was aheady moment in the autumn of 2009 when they were in the high 50s. I think I saw you say you sold then. Good for you, that was before I knew about trading, and I thought they would be over 3 quid in five years, which of couse they are. LOL. Best wishes guys, I always look in xx
If you want Boring with a capital B try Barclays .... you want Pathetic with a capital P try Lloyds and if you want Apathy with a capital TSB then try tsb....and if you want RBS try Oxfam they help with losing causes too.
Came across a fellow Scot recently on another bb and she was describing this bb as boring. Perish the thought. I do miss graftman's posts and gather there may be no more from lego and wonder why there isn't more emailing and meets at the Holiday Inn going on.
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