VUN sitting at R2.00 is decent value for an investment bank, especially if they can land some proper mandat…by @scandi_jse64 on $VUN

VUN sitting at R2.00 is decent value for an investment bank, especially if they can land some proper mandates. The real question is whether they can grow earnings off a smaller balance sheet than the big four. Once they get traction on advisory fees and equities flow, the multiple should expand.