Originally Posted by
kiwi_on_OE
Bank of Queensland and Bendigo & Adelaide are at discount to NTA if that's what you want. And they are proper banks, paying dividends.
Looking at the fundamentals for HNZ, profit of $20m for the year, so a PE of 10, ROE of 6%, ROA 1%. They obviously need to improve their ROE. TSB are have a similar NTA, but have twice the asset base, ROE 12%, ROA 1%. So TSB is a good example to follow. The question is, can they?
Given the size similarity with TSB, it almost makes me wonder if they could be tempted to take it over.