VUK 0.49% $4.08 virgin money uk plc

yep they can certainly afford it, but my hunch, and admittedly...

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    yep they can certainly afford it, but my hunch, and admittedly it’s a low conviction one, is that public co shareholders after 15 years of no returns, want to see buybacks and dividends, not m&a.

    a mutual is a different scenario where presumably they see the combination as a way to effectively scale and utilise their lazy balance sheet.
 
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