RE: Averages?26 Oct 2024 08:32
No it could never be an Amigo as 100% of their business was associated with consumer loans. CBG have 20% exposure to Car and light Van finance, still a significant figure but not enough to crash them. I am expecting this to jump back up next week now that the bed wetters have jumped out. This is a well established Merchant bank with a P/E of less than 5, anyone buying less than 300p have nothing to worry about. Yes, there is a risk, as with all equities, if that concerns you stick your money in fixed income.