partridge
- 27 Jul 2016 14:32
A different sort of newcomer bank. Formerly Kent and Reliance Building Society, most of their funding is from retail deposits and balance sheet is more easily understood than the impenetrable ones of the big banks. Heavily into the buy to let sector of lending, so rapid growth last two years likely to tail off, but nothing wrong with a good cash cow. Yield should be around 5% this year. I have bought a modest holding but always dyor.
Stan
- 17 Sep 2018 16:09
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