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TSB Bank IPO worth investing in?

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Comments

  • EarthBoy
    EarthBoy Posts: 3,252 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    pqrdef wrote: »
    But they're flogging the Meadowhall branch, which I don't suppose has many customers of its own, it's mostly used by customers of other branches calling in while shopping.

    I agree, and for that reason most of the transactions will be unprofitable, -to Lloyds at least, e.g. mostly cash withdrawals. I doubt if they sell many loans or mortgages there. Lloyds are unlikely to miss the branch if they aren't making money from it.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    I brought it last time round:mad:

    That capital has dissipated now let's sell it all over again.

    Perhaps they should talk over merchandising strategy with Apple and call it TSB2.

    In another five years we could have TSB3 etc.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    Well it's only a matter of time before somebody has to rescue TSB. Then the EU will make them do a divestment.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
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