Currently WBC is trading at price to book ratio of 1.35.
VUK is trading at a PBR of 0.6.
Westpac has significant market share and economy of scale. It is leveraged to the Australian property market and has a solid track record of paying dividends.
VUK is a bit player in a huge market with no economy of scale. The UK is facing the aftermath of Covid-19 and the repercussions of Brexit. VUK hasn't paid a dividend for years.
So it comes at no surprise that VUK trades at a discount. The thing is, the discount is too steep. VUK is financially solid and the UK economy, despite its issues, is not a basket case.
The discount has been narrowing for many months now and the catalyst for further SP growth will be the continuation of this trend.
Currently WBC is trading at price to book ratio of 1.35.VUK is...
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 (20min delay)
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Last
$4.07 |
Change
0.030(0.74%) |
Mkt cap ! $2.234B | |||
| Open | High | Low | Value | Volume |
| $4.05 | $4.07 | $4.04 | $8.451M | 2.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 61783 | $4.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.08 | 19336 | 12 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$4.06 |
Change
0.030 ( 0.48 %) |
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| Open | High | Low | Volume | ||
| $4.06 | $4.07 | $4.04 | 361320 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| VUK (ASX) Chart |