I like the idea of £6 Tony! You don't strike me as somebody who throws prices around so I would love to hear what makes you so bullish on this share, as its 30% increase on a share that is at its 18 month high?
Santander seem to be past their low point. I am looking towards 600p in next few months, poss weeks. By end of 2017 I think they will back leading the pack especially if they take action on part selling UK.
I think you are right Tony as this seems to be the model they choose although I seem to recall that they bought back the shares their publicly sold in one of their South American 'franchises' so maybe they are trying a different model now? Indeed the UK operation may be much more valuable in a couple of years when interest rate margins improve, the economic outlook is more certain etc etc. All things considered i am not sure I will be adding more to my holding but I am not a seller either.
I have said it before but I feel that now is the time for Santander UK to be part sold off as Santander has done around the world before. If they retain 51% they will still get good returns plus a massive asset input from the sale. They were proposing to do this just before last banking crisis. Now the time is right.
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