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Jægur Martin Profile picture
Jægur Martin
@sharetwits
A truth-seeker, willing to adjust to vicissitudes & alternative credible evidence. Truth often corresponds to objective reality, but not always!
Aug 18, 2021 • 5 tweets • 2 min read
Total Mark-Cap #JSE Banks & their 12-month price change
Firstrand R336.34bn +57,17%
Standard Bank R233.5bn +29,09%
Capitec Bank R215.8bn +114,44%
ABSA Grp R130.88bn +98,25%
Nedbank R90.34bn +69,07%
Investec Plc R41.1bn +80,62%
Investec Ltd R18.6bn +79,7%
Finbond R1.1bn -23,7% 2/ Pre-2008 a # of global banks were trading at metrics of 2x price-to-book. That consolidated down to a more acceptable discount of between 0,5-0.8x P/B. Secured & higher quality books commanding a smaller discount & occasionally a rating close to or at a slight premium to book.