Current P/B of 0.36x. Wow.
Correct me if wrong, would an appropriate way to think about this value proposition be as follows:
For each $1 of CYB stock purchased, one will "receive" $2.77 (1/0.36) of underlying tangible (excluding minority interests etc) equity ownership, currently returning 10% p.a, with the potential to return 12% p.a within a few years?
This is just madness - the business appears to have become completely seperate from the ticker code - almost like two totally seperate entities.
Is anyone aware of any intelligent analysis or viewpoints demonstrating any legitimate current risk exposure to significant and permanent loss of equity? I would be very interested in reading alternative views based on proper* analysis (if such views exist?)
* Not "Brexit = significant and permanent loss of equity. Especially for CYB (as relative valuation implies)"
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- Ann: CYBG PLC Third Quarter 2019 Trading Update
Ann: CYBG PLC Third Quarter 2019 Trading Update, page-139
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Last
$4.21 |
Change
-0.010(0.24%) |
Mkt cap ! $2.200B |
Open | High | Low | Value | Volume |
$4.18 | $4.22 | $4.18 | $4.461M | 1.064M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 58645 | $4.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.21 | 5492 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2427 | 4.120 |
1 | 5700 | 4.080 |
2 | 3657 | 4.010 |
1 | 3000 | 3.800 |
1 | 3000 | 3.760 |
Price($) | Vol. | No. |
---|---|---|
4.230 | 629 | 1 |
4.240 | 572 | 1 |
4.250 | 10438 | 2 |
4.260 | 10044 | 4 |
4.270 | 24286 | 5 |
Last trade - 15.59pm 02/08/2024 (20 minute delay) ? |
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VUK (ASX) Chart |