SGB st george bank limited

Why would anyone buy this mutt?

  1. 1,741 Posts.
    P/e = 27
    NAB not only no longer wants to take it over, but is selling the 9% it owns. Directors gave themselves a performance bonus of 93,333 shares, and promptly sold them. Then sold more.
    The takeover premium of about $5 should be first to go. Then it should fall some more on market jitters.
    Look for $14 soon.
 
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