Methinks....

[barry_1]

.... local banks are hopelessly oversold,might lead to buying opportunities in a couple of days time?

[kwagga]

Oversold maybe, but not cheap, yet. Will have to wait and see.

[barry_1]

PE for SBK,ASA,NED all between 12 and 14 which is not very demanding.Look at the heights Capitec has reached.

[barry_1]

that should read look at the heights Capitec DID reach,it has since fallen back some to a more acceptible 17,but with another five months before its next dividend might come off some more.

[kwagga]

SBK - 14.53, ASA - 12.55, FSR - 15.16, NED - 13.22. Capitec is different cattle of fish. ASA & NED - fair pricing. SBK & FSR leaning historically to the expensive side. None of these PE's is exceptionally high, but I've seen it going for much cheaper than current prices. I won't buy any of these banks short term right now, with the exception of ASA maybe. omo

[shares]

What happens to the PE if you factor in various improvements in earnings?

[barry_1]

Until the next results you can only guess.The proof of the pudding is in the eating.