UpgradesThese will be interesting early next week
proforma equity 2022 is over 2.1 billion. Take off 300 for SIB. Earnings at 240 million and roe of 15% imply capital of 1.6 billion equity so about 200 million surplus still so a dividend of 100 million or $2 per share works and an NCIB of 100 million or 4-5% of float