probably better to exclude intangible in my view, note management uses ROTE as their preferred return metric but it depends, eg intangible items such as goodwill is just a balancing mechanism when assets don't equal liabilities.
to be conservative, P/TB is 0.61 using Sep-18 figures and probably no higher than 0.65x currently.
Ann: CYBG PLC - First Quarter 2019 Trading Update, page-41
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
