24 February 2021 - annual results

The bank has reported its results for 2020 which have come in pretty much as expected although the dividend for the year was 0.57p per share a bit less than hoped for.  However, this was the most the company could pay out under the guidelines issued by the regulator.  The shares have risen a bit more on the figures although they remain just shy of the psychological 40p level.  We tipped the shares as a trading buy at 33.91p last month and the shares have now risen by some 17%.  We believe that . . .

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