Jeremy Grime | Oct 16, 2019 09:18
Chart of the week
This chart was sent to me by a retired fund manager who is better than me with datastream. It measure the performance of the FTSE 250 vs FTSE 100 relative to the FTSE Small cap vs FTSE 100 and illustrates the liquidity aversion that has been building since 2017
Arbuthnot Banking Group Plc (LON:ARBB) – Q3 Update
Share Price 1065p
Mkt Cap £159m
Conflict Disclosure: I Hold
Conclusion This is one for the patient investor. It will take time but the conservative nature of the lending and the discount to book provides some protection while 80% upside over 3 years is a useful return. But it looks like it may take 4 years now.
Secure Trust Bank Plc (LON:STBS)- Q3 Update
Share Price 1270p
Mkt Cap £234m
Conflict Disclosure: No Holding
Conclusion The shares are very cheap but this statement is unlikely to change that.
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