Skye Bank Better Buy Than Uba
From the Q1 result just released Skyebank has been given both a short and long term buy recommendation by IBTC researchers. They forecast a short term price of 20.9 (22% appreciation) and long term price of 26.12 (51% appreciation).
Factor in the effect of new funds injection in a 1 to 2 year window Skyebank should do more than UBA at current market prices.
For ver short term traders this info is useless as they have more time to watch the markets and cycle-in and out. But for those not blessed with such time / expertise this may be a good time to load Skyebank both on the floor and in the IPO.
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