re undervalued20 Apr 2017 13:14
Too true and then AMP's holding is valued at a 50% discount to MTFB's underlying value. Its almost as if the market is "worried " that AMP will be forced to dump its holding in MTFB either wise the discount makes little sense. If the exit price is £100m then we will not be selling out until MTFB is £500m so a little ways to go. Even then I would have thought CM would top slice and keep some skin in the game