Close Brothers Takeover Rumours (CBG)

Pleased that somebody else is talking about a takeover - for me cbg has had its day and I don’t think the management are up to taking the company forward and reviving it to its former status. Shame but that’s my view. Suet

CBG has a NAV of £11 and is now trading at a price NAV ratio of only 0.3 and that is unsustainably cheap for a UK bank Lloyds and NatWest for example have a price NAV ratio of 0.8 NAV here is £11 and that is why a return to about £7 or £8 is very likely within the next few months Also a very good chance of a takeover here as CBG and OSB are about the only mid size banks left remaining in the UK A takeover of CBG would probably need to be at about £10 and nearer to NAV