Nice post , although in the eyes of many , me included, the break even figure is a little north of 500 not 400 .Progress ..certainly couldn't argue with that . Still can't see anything much happening in this parliament ., BWDIK .
QE has been known to stir the pot on occasion. Needs stirring sometimes . "...... Clype " while since I've heard that , East coast .? West coast it's usually , yer a wee clype . , lol. .....pop in more often , stop us getting boring .
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....
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