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Online Share Trading

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sbk good value

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divz
Super Contributor
patrik.. Bear Sterns was also a good bank. Maybe EU banks have a lot more exposure to sub prime than SA banks therefore should be cheeper
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Shaun_Siddall
Super Contributor
Rem SA banks still predicting growth of inflation plus 5% (this is priced in). Those low PE's are only real if earnings/results when released can support it. Future losses is key and PE of 4 could be 20 before you blink!
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Not applicable
After chinese bank (CEB) deal late 2007, SBK climbed to the higher price of 12000 cents and I was convinced that share price will not come down to struggle under 9900. However I was wrong. So as a new investor at JSE, I haven't found a faith in our local banks, except going short. Still long way to go!!!
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TheoPrinsloo
Contributor
Just look at MF Global (65% in the red) and Lehman Brothers (30% in red). If any other big names like Bear Stearns take a plunge then no banking stock is cheap at the moment.
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SimonPB
Valued Contributor
peoples, also remember that Bear Stearns is not a bank in the traditional sense.
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Not applicable
its pretty sad that our banks have to pay the penalty becoz of those sub-prime dimwit red-necks...anyways, i still think sbk has 1 more power run in them...
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TheoPrinsloo
Contributor
Go SBK go - i love gearing!!!!
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Not applicable
watch the dow and the rand
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