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Her merging WBC with her old bank plus a $6m bonus pay.... no one is worth that. Westpac has always been crap to deal with and she is South African... no one likes that country! haha 
ANZ - ANZ Banking Group
- Thread starter markrmau
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What's up with this stock?
I am tempted to buy in today with price at monthly low but I am not sure why ANZ is getting battered so much compared to the other big banks. I know ANZ ex dividend today but still even leading up to today over the last week or so ANZ has lost about 10% but NAB, WBC, CBA all kept gaining.
Anyone else looking at this stock?
I am tempted to buy in today with price at monthly low but I am not sure why ANZ is getting battered so much compared to the other big banks. I know ANZ ex dividend today but still even leading up to today over the last week or so ANZ has lost about 10% but NAB, WBC, CBA all kept gaining.
Anyone else looking at this stock?
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Its ex-div today. Meaning alot of people who bought simply for the divvy are selling out, thus causing the price to fall...
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As you rightly pointed out, today's drop is due to the ex dividend. As for it's fall in recent weeks - if you have a read of the mid year results announcements they didn't quite hit the targets expected by analysts - a large portion of this was due to the Aussie doller hurting whatever profits they make through international sources.
Thanks for the info. I had a read of the analyst report on Etrade. The high dollar is indeed the culprit here.
So tempted here
On Etrade they have a Accumulate recommendation on the stock, with 2 brokers recommending Hold, 1 broker recommending Buy and 3 brokers recommending Strong Buy. None are recommending Sell. And the aussie dollar is falling. I think I am going to go ahead and buy some.- Joined
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Thanks for the info. I had a read of the analyst report on Etrade. The high dollar is indeed the culprit here.
So tempted here
You should view falling price of a good quality undervalued stock as a buying opportunity.
ANZ probably represents the best value of all the banks at the moment.
CBA is a better quality stock but overpriced at the moment.
I don't think you can really go too wrong with Aussie banks, if any were to fail there would be some other more serious things to worry about!!
Looking just at the dividend of 6.1% you are doing ok even if the SP doesn't do too much, and with fully franked dividends it is an even better picture. IMO if the share price bounces from 22.50 to 25 in a couple of weeks I am happy to take the short term profit, so either way happy to hold long term or short term if the price is right.
Looking just at the dividend of 6.1% you are doing ok even if the SP doesn't do too much, and with fully franked dividends it is an even better picture. IMO if the share price bounces from 22.50 to 25 in a couple of weeks I am happy to take the short term profit, so either way happy to hold long term or short term if the price is right.
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Thanks Roger, lol.
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I still like CBA more than ANZ but am definitely considering picking up ANZ.
Okay, but, to add to the discussion... why do you feel that way?
Will AU Banks grow faster than Asian Banks?
Does ANZ have bad management?
Are you worried about ANZ home loan exposures, but not CBA?
Are you worried about ANZ business loan exposures, but not CBA?
*What* makes you prefer CBA?
The fact they go ex on aug 15 is a big point for me ..................
Yes, I'd like to see some reasoning behind a bald statement of "gut feel" for a stock. Otherwise, it amounts to a meaningless ramp, IMO.
Meanwhile, ANZ has commenced banking operations in India. Let's hope it is more successful than the previous ill-fated Grindlays experience!
http://asx.com.au/asxpdf/20110616/pdf/41z7qwfvx1h8wn.pdf
Meanwhile, ANZ has commenced banking operations in India. Let's hope it is more successful than the previous ill-fated Grindlays experience!
http://asx.com.au/asxpdf/20110616/pdf/41z7qwfvx1h8wn.pdf
Have you downloaded the prospectus? Do you understand what their previous issues are for? CPS3 is different to the others because of Basel III. It is a converting preference share.
Yeah i have downloaded the prospectus. But to be honest i don't really get what its all about..
The payout is based on the Bank bill rate which is usually a similar number to the reserve bank's interest rate.
Here're some alternatives to CPS3...
http://www.bankingday.com/nl06_news_selected.php?act=2&stream=1&selkey=12079&hlc=2&hlw=
Here're some alternatives to CPS3...
http://www.bankingday.com/nl06_news_selected.php?act=2&stream=1&selkey=12079&hlc=2&hlw=
I've heard some rumors they're going on an acquisition splurge somewhere in Asia. Not sure if that's what the CPS3 is for.
Yield is supposedly the 180 day bank bill rate + 3.2% (or something).
I've got a sneaky suspicion the 180 day bank bill is soon to head down down down... hence why ANZ is releasing this now...
disclaimer: I'm a newbie, so don't take this too seriously. And it's my first post...
Cheers
Daniel
They're not rumours, Danneman. ANZ have been quite open about their strategy to expand their interests in Asia, which are already more extensive than those of the other three pillars. Nothing big or spectacular I would expect but rather incremental gains in selected countries through shareholdings and JV's. At least I hope so.
Banks are always raising new capital/borrowings and the new Basel capital adequacy "rules" increase their requirements in this regard.
And welcome to the forum!
Banks are always raising new capital/borrowings and the new Basel capital adequacy "rules" increase their requirements in this regard.
And welcome to the forum!
Garpal Gumnut
Ross Island Hotel
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I'd agree Daniel, I looked at this when Comsec sent the offer, but interest rates are more likely to fall in Australia than rise, so it makes it less attractive, and if there is a recovery the ANZ sp will rise.
gg
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