Hi simon PNB25 Aug 2009 10:16
This is what i think simonm, shares in company is only 39 mil and only 26% of these shares are in public hands, this tells me that these are a popular company with big investors so this is a good thing for small investors. PNB has assets last yeay end of 24p per share and many companys trade shares at several times their asset value.
£9,541,870 divided by 39,626,355 shares in issue =24p based on consolidated balance sheet as at 31st Dec 2008.
I think this share could recover very well in near future, so the answer to your question is yes its a bargain so go fill your boots