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I think the recent statement for the 2 year extension is because the gov knows there’s some more value in this and it will allow to sell at much higher prices in the coming years rather than rush selling at this current price especially with the current US bank issue backdrop
1 month til interim results are released. This is looking to be a great buying opportunity in my opinion. This dropped more than the other big banks and will recover just as quickly. 20% gain to be had within a few months
Strange, from what I’ve read recently it looks like the dropping wholesale energy prices and slowing property market has led citi bank to estimate a 2% inflation by year end.
Also rising rates further will be more damaging than good for the banks, if people don’t borrow due to high costs, the banks won’t make money
There’s talk of Europe having to impose rationing on oil/gas and that some countries will need to rely on burning wood. People will be desperate and probably will end up creating a black market for the black gold