Britannic gave the news that the market was expecting and all the losses were seen but the massive bounce back is on a possible bid and brokers saying that valuations are attractive.
Is this just the big guys just tarting up the share so they can dump it or could there be a genuine interest from others such as Old Mutual?
Britannic were offering themselves before but at much higher values so the logic from these brokers is now they are cheap.
But we could be heading straight into full on war which will bring those solvency worries back to the markets attention.
Is anyone getting in just in case there is a bid or is the water too murky too judge here?
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