Re: Volcano19 Oct 2020 12:55
Throughout the last two years since they sold off their crown jewels, the steadily-delivering life insurance operation, to Phoenix, my wonder has been how low the price on this would have fallen without the continual share buy backs. Market value of the company as a whole, and its ranking in the lower reaches of the FTSE100, has been shrinking for a long time. Its confident aim of a few years ago of managing £1Trillion in assets is further away now than it was then. I admire Volcano's occasional upbeat postings but time has shown his/her optimism to be built on shaky foundations.