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Hermes sold for £1bn and it only had earnings of £40m. This has £2bn of property assets alone, not sure why the analyst community has a £1 average price on this. They are just thinking short term.
Cud re AIRB, the FCA are investigating metro over some inconsistent statements in the past on when they would get approved. Hence now the new BoD do not talk about it and just say it is the regulators gift.
RE: can i aslo take a moment to address Dan's buy6 Aug 2020 11:03
BS, I said Dan was worth $20m. This is based on his prior share holdings of Butterfield shares. He has 403k of them and they traded between $50-$25 each over the last 2 years. This is all public info.