ANZ - ANZ Banking Group

[UMike]

• ANZ earned $7.12 billion in statutory profit after tax for the full year ended in September, up 16 per cent from a year ago.
• Cash profit from continuing operations rose 5 per cent to $6.5 billion.
• ANZ’s equity tier 1 ratio is at 12.3 per cent, taking cash return on equity at 10.4 per cent.
• The final dividend is 74¢ per share, fully franked.

AND Down over 5.5%
,,,,,
Clearly I know nothing?

 

[Dona Ferentes]

AND Down over 5.5%
,,,,,
Clearly I know nothing?

but clearly a nice rally since June .... based on
- sentiment?
- improved outlook/ worst is over?
- rising rates meaning better margins? <ANZ’s net interest margin (the difference between the rate ANZ lends and borrows money via deposits) went from 1.58 per cent in May to end at 1.8 per cent for Sept, as the bank (and all its competitors) pushed up borrowing rates much faster than it raised deposit rates.>

 

[Dona Ferentes]

On 3 January 2023 ANZ implemented the scheme of arrangement to establish a non-operating holding company, ANZ Group Holdings Limited (ANZ NOHC) as the new listed parent company of the ANZ Group.

This is the first step in our restructure, and will be shortly followed by the separation of ANZ's banking and certain non‑banking businesses within the ANZ Group.

...

 

[Knobby22]

ANZ plans to takeover Suncorp. ACCC decision in June.
Bendigo Bank were snubbed and they are fighting this as it further entrenches the big 4.

 

[divs4ever]

ANZ plans to takeover Suncorp. ACCC decision in June.
Bendigo Bank were snubbed and they are fighting this as it further entrenches the big 4.

in theory the ACCC ( and other regulators ) should block this , but the big 4 have been shrinking their complexity despite not reducing their banking market share much , maybe this will be waved through

several years back the policy was to push some of the second tier banks together and create a competitor to the BIG 4 ( making a big 5 )

has this policy been abandoned ??

( i hold SUN and BEN )

 

[Dona Ferentes]

Indian Economy

“I’ve been going to India for 30 years and sadly, there have been some false dawns. This time it feels different”
- Shayne Elliott, CEO, ANZ Group Ltd​

Please don't. Grindlays did not go well.

 

[Dona Ferentes]

Why? Switzerland only has 2 big banks, and some Cantonal ones.

That was then..

..... Aust still has 4 big banks. And find it easy to raise money :

What banking troubles? ANZ hits bond markets.​

ANZ Banking Group has shrugged off concerns about bank stability globally and gone to market for new three and five year funding.

In a sign of confidence, ANZ’s syndicate desk kicked off the deal on Tuesday morning, saying it would price later on Tuesday subject to market conditions.
The deal would see the sale of three and five year fixed and/or floating rate senior unsecured notes. ANZ was named as the sole lead manager.

The three-year senior unsecured tranches had initial price guidance of swaps plus 87 basis points and would be rated Aa3/AA-/A+ by the respective ratings houses....

N.I.M. ..... bouncing but holding.

 

[Dona Ferentes]

Anyone going to bet the pattern continues?

View attachment 137161

A bit further on ... that pattern seemed a bit hard to maintain, and it didn't. ANZ dropped along with the rest of of the banks, hitting a sub $22 low this time last year (not as sophisticated as yr chart, Sean )

Then 18 July past, a tilt at SUN - so far, still under ACCC gaze - and rights issue at $18.50.

Which appears cheap. And going to pay their dividend tomorrow.

 

[Dona Ferentes]

I wonder what they'll do with the raised capital?

 

[InsvestoBoy]

Something's up with ANZ for sure, compare it to the XJO and the other banks, a lot of relative strength since the end of March quarter.

 

[Dona Ferentes]

• Audited Statutory Profit after tax for the full year ended 30 September 2023 of $7,098 million, flat on the previous year.
• Cash Profit from continuing operations was $7,405 million, up 14% when compared with the prior year.
• ANZ’s Common Equity Tier 1 Ratio was 13.3% and Cash Return on Equity was 10.9%.
• The proposed 2023 Final Dividend is 94 cents per share, comprising an 81cps dividend partially franked at 65% and an additional one-off unfranked dividend of 13cps.

 

[Dona Ferentes]

AND Down

I was thinking, with WBC n NAB results out, but prior to ANZ reporting on 13th, that a dividend scalp might work. Remembering the 45 day rule, and etc, any short-term trade would have been before reporting day. I'm glad I didn't as there was a drop on the day and another going ex-, which has outweighed any benefit from the 94c pf to be paid. So far.

 

[Tyre Kicker]

I love it.

Buy more.

 

[divs4ever]

had a relatively short ride with ANZ when they went into that ETF partnership which i saw as path of potential growth , i left when that partnership broke up .. smallish gain , some divs and franking , but no longer suited to my investment criteria
happy hunting , folks i am looking elsewhere ( away from the big 4 banks )

 

[Dona Ferentes]

dividend lands tomorrow 22nd.
.
"The rapid global rise in interest rates and inflation over the past year has presented a number of challenges to businesses and individuals. ANZ has navigated this highly unusual time well, delivering a record result for our shareholders with a cash profit of $7.4 billion for the year. The one-year Total Shareholder Return to 30 September was 20 per cent with the three-year return 76 per cent.

"Your Board increased the final dividend per share to 94 cents, 13 cents higher than the first half of financial 2023. This was made up of an 81 cents per share dividend, 65 per cent franked and an additional 13 cents per share unfranked dividend.

"Some of you will be curious about the change to franking, particularly given the strong result. ANZ's long-time dividend payout ratio has been 60-65 per cent of cash profit. This has typically aligned to the proportion of profit generated in Australia – where we generate franking credits from tax paid in this jurisdiction.

"In recent periods, including the second half, our offshore businesses, including in New Zealand where we are the largest bank, have performed well and produced a larger proportion of total group profits.

"Franking was also impacted by the effect of holding capital ahead of completing the acquisition of Suncorp Bank – but of course we are yet to see any earnings.

"The outcome of these factors was we were unable to fully frank the final dividend...."

 

[mullokintyre]

I have chosen ANZ in the 2024 yearly comp as I think there will be a recession, so am looking for the stocks that will fall the least, and banks never lose money.
Mick

 

[divs4ever]

I have chosen ANZ in the 2024 yearly comp as I think there will be a recession, so am looking for the stocks that will fall the least, and banks never lose money.
Mick

i disagree i clearly remember buying a book that chronicled regular stumbles by a major rival ( that has had to change it's name at least twice )

now the Federal Government may find it very convenient to exaggerate 'extraordinary measures' to rescue a major bank , but yes banks can lose money ( a lot of it ) in various ways

 

[mullokintyre]

Like the other big four banks, ANZ has held up well as damn near everything else I picked for the yearly comp has declined, some more than others.
ok as a defensive stock so far.
Thank you Mr Market.
Mick

 

[divs4ever]

Like the other big four banks, ANZ has held up well as damn near everything else I picked for the yearly comp has declined, some more than others.
ok as a defensive stock so far.
Thank you Mr Market.
Mick

i bought in a while back when they entered the ETF partnership and exited when ANZ left that partnership , nothing special against ANZ but i really need some paths of growth in my large caps , and the big 4 seem to be struggling with that

 

[mullokintyre]

ANZ has had a pretty good start to the year.

ANZ has done better than CBA and is on par with NAB and WBC so far this cal year.
As one of my entries in the 2024 yearly comp, this ones is for @debtfree .
Mick