Possible catalyst for COAT? 🙂
More on COAT here:
PNB-ABC merger is done with this disclosure! 🙂
Details are in this disclosure:
Merger will be effective on February 1 or such date as may be agreed by PNB and ABC. (Article 1.2 of Amended Plan of Merger)
Understand the financial impact of the merger in the books of PNB here:
In my opinion, the best way to value PNB is through a liquidation-concern or book value multiple.
Read this article:
They are planning to close the branches that are near with each other which means we can expect sale of assets by PNB to contribute in generating the 15% ROE for 2013. PNB’s ROE target is very achievable.