This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

The Banks - What a Pack of Losers?

Jump to new

Captain_Chaza

Joined
8 March 2007
Posts
2,876
Reactions
3,964
Ahoy there

Can anybody disagree with my claim above with a fair to average chart in these areas of high finance?

Come-on Spinners?
Show me what you've got!

Salute and Gods' speed
 

Attachments

  • BB.gif
    3.4 KB · Views: 644
Re: The Banks- What a Pack of Losers?

This is a chart for the S&P financials index (ASX)...looks healthy enough to me!

Although I'm sure you have some witty point back of all this...so I'll play your game.
 

Attachments

  • 20070607 - S&P Financial Index for Aust.jpg
    29.3 KB · Views: 567
Cap,
Losers in respect to what?
Customer service?
Shareholder returns?...
Pat.
 
Strange how none of the Banks look anything like your S&P financial chart!

Maybe the Banks are not as "Financial" as you think? LOL?

Maybe some of your "Financials" have been buying recsource stocks to keep their heads above water?

However, Maybe not the Banks as I see it???
They are a breed of their own!

Salute for now
 
this aint too bad...
 

Attachments

  • CBA.GIF
    13.5 KB · Views: 607
Captain_Chaza said:
Strange how none of the Banks look anything like your S&P financial chart!

Maybe the Banks are not as "Financial" as you think? LOL?
Click to expand...

It's a capitalisation weighted index. Lets drill down a bit deeper...pick a bank, any bank...and we'll look at it's chart and weighting in relation to the index.

Pat's questions are also valid. I just presumed that since this is the Aussie "Stock" Forums that you were interested in the only believeable piece of information a company has...it's share price.
 
Captain_Chaza said:
Ahoy there

Can anybody disagree with my claim above with a fair to average chart in these areas of high finance?

Come-on Spinners?
Show me what you've got!

Salute and Gods' speed
Click to expand...

Hi Captain_Chaza

Just afew rounded figures of the 4 big banks from January 1997 to Jan 2007

ANZ $8.00 to $28.00
CBA $12.00 to $50.00
NAB $14.00 to $40.00
WBC $8.00 to $24.00

At least 300% gains in the last 10 years, bi annual dividends, and shareholder discounts. All in all not a bad risk especially if you buy anywhere below the years open.

Cheers
Happytrader

I am not a licensed financial advisor or representative of a finacial advisor. These are merely observations and my opinions.
 
Here are some points of reference for those interested in banks

Since first impressions are important and provide points of reference for decision making these are the opening prices for the Big 4 as well as the highs and lows so far for the year 2007.

Open Low High

ANZ 28.28, 27.43, 31.50
CBA 49.39, 48.40, 56.35
NAB 40.46, 39.10, 44.70
WBC 24.25, 23.37, 27.85

Cheers
Happytrader
 
Maybe more to the point is that with the prospect of interest rate rises in the future, 'going forward' as the 'suits' say, the banks are close to fully valued when compared to the rest of the market. The fact that they have run so hard all these years leaves them open to under performance 'going forward'?
 

Attachments

  • index comparison.png
    19.9 KB · Views: 428

Hi Uncle Festivus

No doubt there will be periods of consolidation as with all shares that is why it is imperative to 'make your money when you buy' and be selective as to when and at what levels you do this. Charts will show you this.

Dividends, bonus issues, shareholder discounts and a banks ability to magnify money many times over as well as their survivorship and recovery ability will always make them attractive.


Cheers
Happytrader
 
Assuming of course, everything goes to sh*t sometime in the next 12-24 months.. will our banks start to get hit with record foreclosures on mortgages? a'la US. Will people stop borrowing for credit cards, personal loans, car loans, borrowing to invest? How is this going to effect the bottom line?

Will the last 1/4 this year see everybody dump them all ex-div, not to be picked back up?

You looking at something at like the following?
 

Attachments

  • banks.gif
    16 KB · Views: 424
  • banks2.gif
    13.6 KB · Views: 426
Re: The Banks- What a Pack of Losers?

theasxgorilla said:
This is a chart for the S&P financials index (ASX)...looks healthy enough to me!

Although I'm sure you have some witty point back of all this...so I'll play your game.
Click to expand...



I told you so!!! LOL!!!

Salute and Gods' speed
 

Attachments

  • XYZ Yacht.GIF
    47.6 KB · Views: 331
Re: The Banks- What a Pack of Losers?

Captain_Chaza said:
I told you so!!! LOL!!!

Salute and Gods' speed
Click to expand...

Hmmm

Are you sure that's a crystal ball you're holding there Chaza?? Looks remarkably like a rear vision mirror to me.

I agree with you though, if you are saying that on the sum of things price activity at the top end sector has been sideways. Your insight into the what might be propping them up is interesting. Care to elaborate??
 
Do you have anything to back what you're saying up with Chanza? You just seemingly/obviously trolling?

The banks have all risen and given a decent 15-25% return with heavy dividends and provided a meaningful defense, the regionals have given dark horse returns by huge M&A activity.

So if you have no clue/any backup then don't post please, our banks are great stocks.
 
Crikey! SUN


Has anybody been watching the SUN lately?
All I can say is that it was all in the charts ages ago

Is a reversal also in the charts?

Maybe ? Here is the Chart

IMHO It just needs a few brave sailors with steel gloves to jump on and hold onto these ropes?


She sure is appealling to me at these prices

Salute and Gods' speed
 

Attachments

  • SUN.png
    12.2 KB · Views: 188
At these prices all I can say is this is cheap. I have just loaded up on NAB and if it drops any further I will be using the wife's money as well to buy more. NAB at todays prices pays a dividend of 5.3% fully franked, grossed up you're looking at 8% on just the dividends alone it's not bad income if you're a self funded retiree. NAB and ANZ is best buying right now based on the dividend. CBA is holding up well because next Month is Divi time so I'm not selling.
 
Sound, if the divi stays the same. But is it possible in a credit crunched environment that divies may be reduced for a time? Something to think about.
 
wayneL said:
Sound, if the divi stays the same. But is it possible in a credit crunched environment that divies may be reduced for a time? Something to think about.
Click to expand...

Name which of the top four banks has a divi in doubt?

Aussie banks are very sound (and cheap in my view)

The following one year forward EPS/DPS estimates from a large insto research house identifies very strong levels of div cover:

ANZ 228/148 154%
NAB 267/182 146%
CBA 388/276 140%
WBC 205/142 144%

This is not the non-bank sector financed by short term commercial debt.

Aussie banks are offering a very good opportunity to buy fundamentally sound businesses oversold by foreigners spooked by the parlous state of US and UK lending institutions.

Our banking sector currently offers above market EPS growth at PEs well below market averages.
 

Dont worry theyll just raise borrowing rates, oh hang on a minute I beleive they already have

 
Cool, no skeletons in the cupboard then? (Have no idea, just putting it out there)
 
You must log in or register to reply here.

Similar threads

February 2025
2
Replies
29
Views
2K
ducati916
What are the two main types of market analysis and how can we combine them?
2
Replies
31
Views
4K
tech/a
AEAE - Australian Ethical High Conviction Fund ETF
Replies
2
Views
2K
Garpal Gumnut
Market response to the Election outcome
2 3 4
Replies
67
Views
9K
Telamelo
T
Basic chart analysis/chart reading 101 for beginners
Replies
10
Views
4K
Gunnerguy
G
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...