RE: When will we see £7?4 Sep 2014 12:08
I have fallen for this twice before on this site. Santander is a powerful bank with 3 million customers across 1st, 2nd and 3rd world countries. Customer base growing at 20% per annum. I like the way it allows national banks considerable autonomy. The share price has historically been 100% higher. Santander suffers from an almost subconscious problem, a Spanish bank successful world wide? They have shown a magical ability to find huge sums from around the world when needed.
However working on last year's profits, (I don't really know about their debts), asimple entry into a compound interest calculator will show the neccessary 16% growth should occurv within two years. So let's say April 2016.
What have I said??????