Wysiwyg
Everyone wants money
- Joined
- 8 August 2006
- Posts
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- 284
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.
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?
Thanks viginti.
I keep getting an error message. Why does my post have to be more then 100 characters?
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
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.
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.
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)
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