ANZ - ANZ Banking Group

[Wysiwyg]

Wonder how all those who bought banking stocks for their yield are feeling!

Probably okay if they brought @ $12.50ish, also consider the d/e will come back up as this crisis eases off. But the ANZ looks to be the worst of the big 4 atm.

Yes a little bit of forward thought goes a long way though a protracted bear market is still on the cards.

 

[dhukka]

Interesting story on Contrarian Investors News about ANZ's exposure as a counter-party to CDS contracts with a failed entity.

SEC Info- ANZ is counterparty of Syncora Holdings Ltd default in CDS

 

[makingmoney]

i recently started accumulating anz..with the current record date coming up on the 13th may..i know its reduced dividend of 25%..But my personal view on balancing my portfolio with bank stocks....like to see whats ppls opinion's on anz?

 

[bonkerrs]

I'm a total newbie to the whole shares business. Please help me learn - what does the announcement mean in laymen's term? And what is your opinion on how it will effect the share price?

 

[oldblue]

It's appears to be a statutory requirement related to restrictions on companies dealing in their own shares.
As you can see from the miniscule number of shares involved, it is extremely unlikely to have any effect on the SP!



Disc: Holding ANZ.

 

[Viginti]

I'm a total newbie to the whole shares business. Please help me learn - what does the announcement mean in laymen's term? And what is your opinion on how it will effect the share price?

These products are both protected equity products offered by the ANZ Margin Lending business. Under regulations, ANZ are required to disclose any put options in place for their own shares, which is what they have done here. The put options are used as part of the equity protection.

These options will relate to ANZ clients who have ANZ shares in their APEP portfolio.

Overall, no impact on their SP at all.

 

[clayton4115]

im quite bearish on this stock, i sold out at $15.75, some support looks at $15.50 at this stage and resistance at 17.50

 

[bonkerrs]

Thanks viginti.

I keep getting an error message. Why does my post have to be more then 100 characters?

 

[prawn_86]

Thanks viginti.

I keep getting an error message. Why does my post have to be more then 100 characters?

Posts have to be more than 100 characters to avoid low content posts or ramping. While this can be annoying occasionally when you simply want to say thanks, it saves us moderators a lot of time. Any posts that are 'padded' to make up 100 char are removed. More info here:
https://www.aussiestockforums.com/forums/showthread.php?t=6661

Hope that helps

Prawn

 

[ROE]

im quite bearish on this stock, i sold out at $15.75, some support looks at $15.50 at this stage and resistance at 17.50

This company has the habit of lending to company that keep collapsing..they seem to be in bed with most of the collapsed company ... lately Timbercorp and Auscorp

I'm bearish on all banks stocks, their days of reckoning is not yet here...

all of them highly leverage, highly exposed to a lot of stuff that yet to happen...Dig a bit deeper you may not like what you see

 

[oldblue]

Well, of course the banks are highly leveraged, that's the nature of the game but the Australian banks, at least the big four, are moderately leveraged and well capitalised by international standards. They rate in the top grades world banking-wise and are still profitable and paying good divs.

Certainly there'll be continuing high levels of bad debts for months, probably years yet but the four pillars are well provisioned for this and will continue to increase these amounts.

Wouldn't have to get much cheaper to be good buying, IMO.

 

[investorpaul]

This company has the habit of lending to company that keep collapsing..they seem to be in bed with most of the collapsed company ... lately Timbercorp and Auscorp

I'm bearish on all banks stocks, their days of reckoning is not yet here...

all of them highly leverage, highly exposed to a lot of stuff that yet to happen...Dig a bit deeper you may not like what you see

If only we could short them, not long now though (May 31) until the short selling ban is hopefully lifted.

I have looked into ANZ as well, its on my watchlist to short once the ban is lifted

 

[ROE]

Well, of course the banks are highly leveraged, that's the nature of the game but the Australian banks, at least the big four, are moderately leveraged and well capitalised by international standards. They rate in the top grades world banking-wise and are still profitable and paying good divs.

Certainly there'll be continuing high levels of bad debts for months, probably years yet but the four pillars are well provisioned for this and will continue to increase these amounts.

Wouldn't have to get much cheaper to be good buying, IMO.

obviously you haven't done much research on Aussies banks, they are one of the most highly leverage in the WORLD...but good luck

Most international banks leverage around 20-25 times, you can find out the Aussie number for yourself or keep beleive the banks CEO and the RBA or uncle Rudd about 4.5% growth in a few year....and I can show you the bed ANZ sleep with for CDS but I couldnt be bother

and if they are well capitalise why are they keep raising equity? it like hmm I got a lot of money
but I need to go to the bank to borrow to buy a car, it doesnt sit well with the word well capitalise
and your friends tell you you are telling porky about having lot of money

or they raising equity because they know their day of reckoning are approaching and that may tipped them over if they don't keep sucking up more money from investors...and with all those raising your holding is diluted like hell so in the future expect much lower return and lower dividends

 

[alphaman]

Define leverage please. I've learned from the US that if you are creative enough, you can always find a leverage measure that looks good.

 

[ROE]

Define leverage please. I've learned from the US that if you are creative enough, you can always find a leverage measure that looks good.

Leverage you got $1 bucks you borrow $2 to buy stuff or in bank case got $1 bucks you lend out $30 bucks so a fraction of default wiped you out of your equity and if you got questionable CDS counter parties arrangement oh well you could end up losing $2 or $5 bucks instead of $1...

don't get confused with Derivatives and CDO, toxic debt and dodgy CDS counter parties
that what bring the other international banks down.
Well Derivatives is another tools for leverage but you get the idea.

Remember Westpac in the 80-90 (i was in primary school then)? but I like history so I can avoid repeating it... they are highly leverage and exposed to property, that brought it down to its knees...History May repeat itself

 

[oldblue]

obviously you haven't done much research on Aussies banks, they are one of the most highly leverage in the WORLD...but good luck
QUOTE.

I know that the ratings agencies have made some big mistakes recently but if the above opinion is fact, then their high ratings for the big four Aussie banks will stand out as their biggest boo-boo of all.
I don't think so.

 

[The Owls]

ANZ 2.5 Billion Equity capital

ANZ today announced it had successfully raised $2.5 billion in new equity capital through the
placement of 173.6 million ANZ ordinary shares at the price of $14.40 per share.

What will this do to the share price in the next 3-6 months

 

[dhukka]

Re: ANZ 2.5 Billion Equity capital

Might want to put this in the ANZ thread. I'm surprised they managed to get less than a 10% discount to the current price, I have no idea where the price will be in 6 months, you might want to ask yourself whether you think this will be the last capital raising or will they need more down the track, I suspect it will be the latter.

 

[Miner]

Re: ANZ 2.5 Billion Equity capital

Hi People

I do not understand how come ANZ shares are on Offer at $10 and bid for $25.
If I want to book a price of $10 or $25 when the market price is at $15 the Commsec does not accept saying it is invalid price.

My question is how come then some fictitiously put a price of $10 and $25.

Any expert comment please ?
Extract from ASX site

ANZ 15.570 (last traded on 27/5) 25.000 (Bid price) 10.000 (Offer price) time of view at 6.59 AM WST on 28 May 09 (before market opens)

 

[dhukka]

Re: ANZ 2.5 Billion Equity capital

Hi People

I do not understand how come ANZ shares are on Offer at $10 and bid for $25.
If I want to book a price of $10 or $25 when the market price is at $15 the Commsec does not accept saying it is invalid price.

My question is how come then some fictitiously put a price of $10 and $25.

Any expert comment please ?
Extract from ASX site

ANZ 15.570 (last traded on 27/5) 25.000 (Bid price) 10.000 (Offer price) time of view at 6.59 AM WST on 28 May 09 (before market opens)

No expert, but for some reason comsuck won't allow you put in bids that are a long way (in percentage terms) from the last sale price. I don't know what that percentage is exactly but it can be annoying if you are trying to catch falling knives.