Small fried

20 Mar 2018 By Christopher Thompson

Shares in the 1.1 bln pound Virgin Money trade below book value despite a 14 pct return on tangible equity. Market behemoth Lloyds, meanwhile, is worth more than its net assets. Investors seem to be betting that a double whammy of funding costs and bad debts hits minnows harder.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)