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clock Created with Sketch. 23/10/17
20:49
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Originally posted by Fire Bull
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I don't have a strong view on CYB as I haven't researched it although I have read madamswer's posts and found his arguments convincing (e.g. cost out opportunities, spin-off situation providing a bargain price) . I tend not to invest in lenders given it is impossible to know much about the quality of the loans they are writing until it is too late. The tendency is for all of them to operate too conservatively at the beginning of a debt cycle and too aggressively towards the end. This is akin to the way investors behave in bull/bear markets and is due to human nature.
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Thanks for sharing - just need a spare year or two to get stuck into them. I think I'm in the tiny minority who doesn't own a single Aussie bank apart from in super funds. I feel like the banking sector in the U.K. Still has a very negative/unloved sentiment apart from hsba of late. Another poster on here was discussing the virtues of HWDN - its starting to look well priced imo.
