CYB, (UK bank asset that was owned by NAB & then spun-off into a separate listing), has reported FY17 underlying NPAT of £191m.
The result was better than market expectations, due mainly to a lower credit impairment charge.
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Our Algo Engine created a buy signal in CYB back in June, when the stock was trading $4.53. We’re encouraged by the prospect of increasing future dividend payments and look for the next buy signal on a high low formation.
