Australian (ASX) Stock Market Forum

WBC - Westpac Banking Corporation

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GG would you please ask the ASX to fix the annoying bad data on the WBC chart (29/5/12). I would ask them myself only it seems you have the direct line to our market supervisor. (STO thread)

The high of the day has been incorrectly recorded as 22.52. It seems like it was just made up after a trade crossed above 26 (outside the market range guidelines). This bad data is a blight on both the daily and weekly charts.
 
peter2 said:
GG would you please ask the ASX to fix the annoying bad data on the WBC chart (29/5/12). I would ask them myself only it seems you have the direct line to our market supervisor. (STO thread)

The high of the day has been incorrectly recorded as 22.52. It seems like it was just made up after a trade crossed above 26 (outside the market range guidelines). This bad data is a blight on both the daily and weekly charts.
Click to expand...

No worries Peter,

Angelica from the ASX has just arrived from the airport, and has settled in to the Ross Island Hotel, V8 Suite, and I shall ask her later this evening.

gg
 
wbc continues to hover at the lower levels, fluctuating this week between $20.16 and $20.77. It will be interesting to see how the finance sector goes next week. All the talk is for the world economies (G20?) to get together and support the likes of Greece and Spain (then Italy and France, then...). No doubt we will continue to see wild oscillations in banking share prices providing trade opportunities for the brave or insane.


wbc 2012-06-14.png

Good luck! (I'm not sure which category I fit in?) :)
 
How high can this little beauty go?

One of my luckier picks, I'll qualify that , better picks.

Volume is falling.

big.gif


Will it falter before $28?

gg
 
Garpal Gumnut said:
How high can this little beauty go?

One of my luckier picks, I'll qualify that , better picks.

Volume is falling.

Will it falter before $28?

gg
Click to expand...

A self funded retiree goes to see their broker and says:

"The best deal I can find for a one year term deposit is 4.5% I can get a 90 day term deposit for 4.7% but by the time that matures, rates might be half a percent less than now. My electricity bill has been going up faster than that rate of return. What blue chip stocks can I get into that give a yield over 7% so I can keep my head above water?"

WBC dividend yield gross with franking credits: 8.9%

It wouldn't surprise me to see that yield come down to around 5% net, 7.14% with franking credits. 7% is a magic number. Double your money in ten years at 7%. That would represent a share price of $34.80.

Stocks don't go up in a straight line though.

If you bought at a price considerably cheaper than the current price, you are probably getting a grossed up yield at or above 10% (before income tax). Assuming no capital gains, and a steady dividend that is a mighty fine ROR for any investment. Double your money every seven years. That is a very impressive income stream. The stock market's long term accumulation ROR (dividends plus capital gains) is 10% over 100 years - and that includes the thirty year super-cycle boom we just went through. Who's to say the stock market won't remain flat for the next ten years?

I don't know if interest rates are going down any further but I reckon they won't be going up soon either.

Volume is only returning to the market is my guess. The demand for defensive income stocks is not exhausted yet. I won't be selling my bank stocks in a hurry given the yields I am getting.
 
The banks have been quite competative recently in trying to capture cash from Mums and Dads to lend out again as margins have been squeezed on traditional OS supply lines.
Will be interesting to see how the fleeing from cash in banks to dividend stocks is coped with by the lenders.
I'm not sure how much the Basel III softening will alter this international squeeziness.
 
tinhat said:
A self funded retiree goes to see their broker and says:

"The best deal I can find for a one year term deposit is 4.5% I can get a 90 day term deposit for 4.7% but by the time that matures, rates might be half a percent less than now. My electricity bill has been going up faster than that rate of return. What blue chip stocks can I get into that give a yield over 7% so I can keep my head above water?"

WBC dividend yield gross with franking credits: 8.9%

It wouldn't surprise me to see that yield come down to around 5% net, 7.14% with franking credits. 7% is a magic number. Double your money in ten years at 7%. That would represent a share price of $34.80.

Stocks don't go up in a straight line though.

If you bought at a price considerably cheaper than the current price, you are probably getting a grossed up yield at or above 10% (before income tax). Assuming no capital gains, and a steady dividend that is a mighty fine ROR for any investment. Double your money every seven years. That is a very impressive income stream. The stock market's long term accumulation ROR (dividends plus capital gains) is 10% over 100 years - and that includes the thirty year super-cycle boom we just went through. Who's to say the stock market won't remain flat for the next ten years?

I don't know if interest rates are going down any further but I reckon they won't be going up soon either.

Volume is only returning to the market is my guess. The demand for defensive income stocks is not exhausted yet. I won't be selling my bank stocks in a hurry given the yields I am getting.
Click to expand...

notting said:
The banks have been quite competative recently in trying to capture cash from Mums and Dads to lend out again as margins have been squeezed on traditional OS supply lines.
Will be interesting to see how the fleeing from cash in banks to dividend stocks is coped with by the lenders.
I'm not sure how much the Basel III softening will alter this international squeeziness.
Click to expand...

Thanks , somethings to think about.

The chart looks toppy atm

I'll stay in though.

gg
 
Garpal Gumnut said:
Since my last post, WBC seems to be going sideways nicely. $30 may be within reach. This will be huge resistance and I may take profits then.

big.gif


gg
Click to expand...

Fair enough. While I'm yielding 12% (grossed up) I don't really mind if it trades sideways for the next ten years (ala NAB).
 
Just an update on WBC.

It seems to be sexy amongst the brokers and commentators.

They say it is a buy.

big.gif


A decade long monthly chart above shows comprehensive rejection of $15, and $20. It has sailed through $25.

Next week will be interesting.

It seems to have a fair bit of momentum. It needs to clear $30 on good volume to progress further from here.

gg
 
clayton4115 said:
do you think WBC is a good short at these levels? double top on the monthly?
Click to expand...

On a 12 mo weekly chart, my guess would be either a down move on impulsive action, or a sideways one with accumulation.

I don't see much upside atm, though buyers in on Friday, who may prove me wrong.

big.gif


gg
 

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yes i tend to agree, with this rally happening in the US we may even see another test at the $34.50 (if it gets there) which i doubt.
 
“My husband being a paediatrician was awesome. With four children ”” three of them triplets ”” I needed a lot of help and support at home. He did more than his fair share of everything in the home and I could not have done what I’ve done without that.”
Click to expand...

http://www.news.com.au/finance/work...tralian-business/story-fn5tas5k-1226859495087

Whale Oil Beef Hooked !! A CEO of a bank that can count !!! Wait a minute ... if 3 of them were triplets then there would be nine :confused:

Maybe she meant:-

“My husband being a paediatrician was awesome. With four children ”” including a set of triplets ”” I needed a lot of help and support at home. He did more than his fair share of everything in the home and I could not have done what I’ve done without that.”
Click to expand...

Aahhhhhhh that feels better now ......;)
 

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