Further to the above post I would just add that TSB bank have moved rapidly to everything digital and I was chatting with a lawyer who works for Westpac this morning and he told me they're moving as fast as they can to all things digital.
So Winner me ol mate, do you still think HGH deserves to trade on special metrics because they're a special case with all things digital or have the directors "lost it" thinking they're a special case and spending (probably hundreds of thousands, a million or two ?) engaging Jarden to review their options ? What say you ?
My opinion is that with the niches they have carved out for themselves in the market and the highest NIM in the market they at least should trade on the average forward metrics of the Australian banks I follow which suggests, (last time I looked), that HGH are very cheap.