RE: It's all relative8 Mar 2024 12:46
Rg
''from memory - about 110p. That looks outrageously optimistic in hindsight''
I was on here a long time ago when in the ££'s ,warning against the nonsense posts suggesting that once the 'shorts' were out and stakeholders increased their holding then there would be a climb up to near peak prices again £40) .
The business model , including being tied to property leases is expensive and isn't one that is appealing tor another bank . The current valuation is equivalent to only a few weeks net profits of the likes of Lloyds, so buying the whole Metro hasn't been in anyone's sights despite the loose change valuation. Current shareholders will have to hope that profitability can be increased to such an extent that there can be progress from the current 35p level.