RE:RE:RE:If you want a BIG MOVE UP on ALYNavigating through the usual rhetoric,
- To build on partner/stakeholder leverage is a smart/affordable way to grow the business. Intesa's business spans ~20+ countries. Intesa's investment into digital strategies is considerable ( https://group.intesasanpaolo.com/en/investor-relations/press-releases/2022/02/20220204-business-plan-uk ) and assuredly, ALY/MS/MW would impact outcomes. Morningstar's contribution has to be better understood but its likely to be formidable.
- Spin-outs, while an option, make little sense. A consolidation-type transaction would provide optimal value to shareholders. It's reasonable to conclude ALY's SP is lagging given its real known value CURRENTLY remains its equity position in MW.
Guessing, they will build value first, perfect regulatory and process management (happy customers) while looking at other growth opportunities (NA). HOOD is the perfect example of mismanagement, ALY/MW looking to avoid that.