Originally Posted by
winner69
Hey beagle me old mate ...no more relativity exercises v Australian banks allowed.....yep,not allowed now.
Jeff says -
Current bank price-to-earnings ratio multiples are below many of those for finance companies and fintechs, and Heartland recognises that its current share price may not appropriately reflect the price of underlying nature of its businesses. Consequently, the Board has asked management to explore this and identify means of optimising value.
Even that ultimate dog FXL trades on a PE of 20 .....Jeff must have noticed :t_up: