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by calpaterson
2674 days ago
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Presumably that is down to straightforward doubt as to the value of UBS's book. It is not uncommon for unpopular companies that are holding a lot of their balance sheet at "market value" (as banks do) to trade at discounts to their stated book. Take a look at LSE:LAND, a "£10bn" REIT trading at a £6bn market cap. |
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