- Switzer Report - https://switzersuperreport.com.au -

CYB, my no.1 bank holding globally

CYB PLC, which is the UK retail banking assets spun out of National Australia Bank (NAB), remains a compelling short, medium and long-term investment in my opinion.

Last week, CYB reported full year profits that were better than expected and announced an unexpected dividend. The AIM Global High Conviction Fund increased its exposure to CYB, through the ASX listing (CYB) and we continue to believe further significant capital gains are ahead for the stock.

I saw CYB CEO David Duffy present at the Merrill Lynch Global Financials CEO Conference in London in September. I reported back in these notes that I thought he gave an excellent presentation and appeared very confident. Fast forward to today and the conviction we got from seeing Duffy present has been vindicated. That said, despite CYB shares making fresh highs, we think there’s more to come here and CYB remains a high conviction investment for us.

Take a free trial to continue reading

Already have an account? Login [1] to continue reading.

By proceeding you understand and agree to the site's terms and conditions [2]