GUTSTARVE
- 27 Apr 2003 09:19
The time is fast approaching when the bulls will return to the market and the banking sector will be one of the first sectors to pick up.Abbey National has as we all know had a bad time of it this past year but its worst days seem to be over as the shareprice has put on over a quid in no time at all.At 430p the shares have to be a good buy for the longer term especially as they will still be paying a decent dividend.The sale or disposal of its non core wholesale banking arms are going to plan and brokers are even saying these assets havent been fully taken into account with regard to Abbeys shareprice.They touched 450p last week but slipped back to 430p giving a buying opportunity.The Sars virus may affect the shareprice over the next few days but any weakness should be seen as a buying opportunity.DYOR as usual.