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|CYBG Daily Update: CYBG is listed in the Banks sector of the London Stock Exchange with ticker CYBG. The last closing price for CYBG was 287.30p.|
CYBG has a 4 week average price of 287.10p and a 12 week average price of 283.34p.
The 1 year high share price is 306.90p while the 1 year low share price is currently 179p.
There are currently 881,281,848 shares in issue and the average daily traded volume is 1,336,140 shares. The market capitalisation of CYBG is £2,484,333,529.51.
|peach: Write up from Value Investors Club. Was written several months ago when share price was 208p. But still lots of upside from current share price. Below is just the summary, full write up on VIC."We believe Clydesdale Bank (CYBG LN or CYB AU) is a classically undervalued spin-off with the potential to more than double in value in the next two to three years. Prior to its IPO last month, Clydesdale had been a small and neglected subsidiary of National Australia Bank (NAB AU), a large Australian bank located more than 10,000 miles away. Due to legacy issues at Clydesdale, regulatory pressures to simplify operations at NAB and the nuisance value of managing a UK operation that contributed just 3-4% of total group earnings, we believe that NAB was a price insensitive seller, resulting in an IPO valuation of just 58% of tangible book value. At the current share price of £2.08 per share, Clydesdale trades at 67% of tangible book, an attractive valuation for a bank with strong (and likely excess) capital levels that should reach double digit ROEs over the next 4-5 years." Further, we believe the Clydesdale investment opportunity has a number of exciting drivers and upside levers, including 1) a high caliber new CEO who has already successfully executed the Clydesdale playbook while he ran Allied Irish Bank (AIB) from 2011-2015, 2) meaningful cost reduction opportunities, 3) potential for excess capital equal to ~60% of the current market cap as Clydesdale moves to advanced risk weightings for the calculation of its capital ratios, 4) earnings upside from higher interest rates and 5) the potential to be acquired. Importantly, the financial impact of any legacy conduct issues has been de-risked through substantial indemnification from NAB.|
CYBG share price data is direct from the London Stock Exchange