i want to point to the book on cyprus, 0.45. you are still very much priced to a recovery story, priced as a stock that has issues with mvls. why the step up to the big stage on london is the right thing to do right now? >> t satisfies the sectors, and on germany it is more than that. there are new reference point for you. we've been talking about fighting liquidity and value for our stock for more than a year now. the cyprus exchange the quiddity is too low for a balance sheet that has more than 3 million in equity. we need to find more long-term investors, greater liquidity in the stock, and the story to long-term investors. john: will you be able to do this? edwin: wilbur pushes you on everything, and that is the nature of having an investor in your stock. i welcome that. the london listing was inititially my idea. john: he is saying something else. edwin: we are all saying we need the highest standards of corporate government, corporate banking, we need to tell our story to a wider audience, and it can be done by longer-term
the price to book on bank of cyprus, 4.5. you are still priced as a recovery story, as a stock with problems and issues with mpl. why the step on the big stage to london? why's that the right ring to do? >> the german banking sector is priced at about the same as us. that is a new reference point for you. we have been talking about finding liquidity for more than a year. the athense it clear and cyprus exchange liquidity is too low for a balance sheet with more than 3 billion and equity. we need more long-term investors and greater liquidity in the stock. we need to tell our story to long-term investors. is the nature of having an active investor in your stock. the london listing was initially my idea. >> is not saying i need london to get out? board is saying, we need the highest standards of cooperation, transparency, tell our story to a wider audience, and to know that this stock with this equity can be owned by long-term investors. >> preliminary first quarter earnings coming in. smartphoneaxy s7 proving to be a surprise.
he is accused of forcing a flight from alexandria to cairo .o land in cyprus the hijacking ended peacefully six hours later. thousands of refugees camped out at the largest port in greece have been given an ultimatum. moved to camp's voluntarily within the next two weeks or be expelled by force. stranded inen greece because europe has closed its borders to them. meanwhile, pope francis is heading to the greek island of less post to show solidarity with refugees being deported back to turkey. the pope accepted an invitation. francis has says -- has said europe has a moral obligation to take in your refugees. leaked files charley's $2 billion in transactions involve individuals and businesses that presidento russian vladimir putin. global news 24 hours a day. still ahead, from -- on the european close, we will year from the pearson chief executive john stalin. to transform the media giant. he will explain what it is next. ♪ betty: please time now for our global battle of the church where we look at the most telling charts of the day, what they mean for investors. kicking things off, joe wei
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