Daily Insider: Opportunity in chaos – buy top bank stock cheaper than 20 years ago

Catch up with the latest on BizNews.com – .Prof Tim Noakes: It's the insulin resistance, stupid!Ivo Vegter: Gautrain extension must be opposedHow to set employees up for a successful retirementPrivate power's big threat to SA towns and citiesSometimes, too much of a good thing IS bad.And in case you missed the most popular posts for the year to date…..Billion rand Toyota et al. class action launchedChristo Wiese wins back dollar billionaire statusZim 'Prophet' behind R1m+ booze bill.When Kokkie Kooyman offers a pointer, we pay attention...Got a note from financial services investment guru, Denker Capital's Kokkie Kooyman, referencing the latest Bitcoin meltdown. He reckons crypto fans are getting a lesson in the value of monetrary trust and permissions. .More to the point, Kooyman spent four hours yesterday listening to an investor presentation by the Dutch multinational banking group ING. What he witnessed got him really excited about the shares. .The prospective returns for investors at the current share price are appealing; a price-to-book ratio of 0.6 times (ie 40% discount on liquidaton value); a dividend yield of 6%; targeted return on equity of 12%. Kokkie reckons: "I'll take that anytime……but I'm old and biased." .ING's 20-year share price graph above (thanks PrimeCharts) shows Kooyman isn't the only one who should be interested. Today's buyer's are getting ING stock at a lower price than counterparts paid in the early noughties. There are always opportunities in chaos..The weekly dividend update and investment research courtesy of EasyEquities.To receive the Daily Insider every weekday at 6am in your inbox click here. You can also sign up to the weekend's BizNews Digest for a wrap of the best content BizNews has to offer, for a leisurely Saturday read.

Daily Insider: Opportunity in chaos – buy top bank stock cheaper than 20 years ago

Related Stories

Cathy Buckle: Zimbabwe buries democracy in plain sight

Chris Hattingh: South Africa does not have the luxury to make mistakes

The Economist: America didn't just win AI. It owns the keys.

The DA doesn't fear the ANC. It should fear what comes next