New addition to the watchlist

Melhus Sparebank is a full-service bank located in Melhus south of Trondheim. It is present in five different places in, and around Trondheim. It has about 17500 customers. The bank provides banking services to individuals and small and medium sized companies.

The last 15 years it has payed a dividend between 8,5 and 13,5 Nok. Last years 8,5 nok, and todays price of 117 nok gives a yield of 7,26% With a P/B according to Bloomberg of 0,353 this looks tempting, but there is very low liquidity in MELG, and the spread is large. However, for the long term investor, this should be a good investment.



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