WBC - Westpac Banking Corporation

[KevinBB]

so for the first time in years you have lost vs inflation with a successful trade?
Just saying, and no I do not do better but just to go past the joy of $ amount in your account...no refuge

I suppose I could look at it from the glass half full, or the glass half empty perspective. I'm a glass half full kind of guy.

As a retiree looking to preserve capital, I have allocated most of my risk capital to futures trading, and trend following in particular. For my non-risk portion, my only alternative to owning large cap shares is cash. So, with WBC's 5.something% annualised dividend, I consider myself to be well ahead.

Besides, not too many people tipped WBC in the annual tipping competition, so I'm in front there, too!

KH

 

[qldfrog]

I suppose I could look at it from the glass half full, or the glass half empty perspective. I'm a glass half full kind of guy.

As a retiree looking to preserve capital, I have allocated most of my risk capital to futures trading, and trend following in particular. For my non-risk portion, my only alternative to owning large cap shares is cash. So, with WBC's 5.something% annualised dividend, I consider myself to be well ahead.

Besides, not too many people tipped WBC in the annual tipping competition, so I'm in front there, too!

KH

Do not take me wrong, this is a good result,much better than what i achieved..you are positive at least
i just want to highlight that even a good " according to plan " stategy so far, with good return by honest view, is not enough to even stay even in 2022...

 

[divs4ever]

I suppose I could look at it from the glass half full, or the glass half empty perspective. I'm a glass half full kind of guy.

As a retiree looking to preserve capital, I have allocated most of my risk capital to futures trading, and trend following in particular. For my non-risk portion, my only alternative to owning large cap shares is cash. So, with WBC's 5.something% annualised dividend, I consider myself to be well ahead.

Besides, not too many people tipped WBC in the annual tipping competition, so I'm in front there, too!

KH

i didn't select WBC in the comp. among my selections was EVN which dipped enough to hit my target ( so bought some extra )

so today we are both happy for different reasons

good on you and good luck ( in the comp. as well )

 

[bk1]

Finished basing and filling the gap...

 

[BossMan.]

Westpac merger with BT was smart, I liked it. I think westpac's profits will continue to grow and is the only blue chip stock of my full year competition. Reckon there is some good upside to it.

 

[wayneL]

Westpac merger with BT was smart, I liked it. I think westpac's profits will continue to grow and is the only blue chip stock of my full year competition. Reckon there is some good upside to it.

Morningstar like it among the banks and I think they might be finally getting their shxt together. Not a holder yet but will be nibbling my way in at some point.

 

[rcw1]

Good afternoon

Westpac has granted stays of execution to three of its rural North Queensland branches following widespread public condemnation.
The bank had recently announced that it was closing face-to-face operations in Ingham, Cloncurry and Tully.

However, Westpac announced today that it was postponing the closure during a Senate References Committee Inquiry into regional banking services.

Hmmmmmmmmm
Shits me to tears when country areas miss out.

Have a very nice day, today.

Kind regards
Rcw1

 

[frugal.rock]

However, Westpac announced today that it was postponing the closure during a Senate References Committee Inquiry into regional banking services.

I haven't moved to any of those locations, thus they decided to not close.
For me, 4 locations. Moved to the area, within 12 months, Westpac shut it's branch. 3 X urban, 1 X semi rural.

 

[Craton]

FWIW, just a sign of the times as interbank fees, cross bank ATM usage plus CIT costs et al impact on the regional areas.
From my POV and as we provide IT servicing to WBC and others.

Locally, WBC closed our St George branch many years ago meaning an ATM went as well plus, the one and only WBC ATM located at one of our shopping centres was removed around the same time. WBC customers are now left with one ATM located at the branch.

WBC closed it's branch at Wilcannia many years ago as well leaving no banks available to locals there. A 3rd party ATM at the Golf Club is the only ATM available there too. No amount of outcry swayed the closing.

CBA has removed two ATM's from the main street here. The only branch located in a shopping centre has three ATM's but accessible only during shopping centre opening hours.

NAB branch and ATM located at the same shopping centre and NAB closes early (14:00) due to staff shortages.

ANZ, in it's wisdom, has sold it's one and only shopping centre ATM and installed a replacement... in it's branch. Yep, only accessible during normal bank hours. At least one of the two ATM's is accessible via the street.

Less ATM's means less work especially as equipment has become more reliable.
On a side note, no I don't want to go cashless as cash is my bread and butter, lol...

 

[DrBourse]

I only have One Bank in my Watchlist - WBC - so my opinions are a bit biased - Yes I currently Hold WBC - SO DYOR.......
Anyhow I thought the following chart may be of interest to someone out there...

All the Clues are within the Chart - how bout a favourable Half Yearly Report due Tomorra - How bout visualising where, and in what direction the previous 100 Day Linear Regression was, and what happened at the end of that 100 Days LR, then look at the current 100 Day LR, Makes ya wunda, dunnit....There are a few more clues within the Chart.... I'm sure you will all find them....
Cheers....
DrB.

 

[DrBourse]

Thought I had better post TradingView's Analysis to even out the playing field..... As usual DROR....
TradingViews Financial Analysis.

TradingViews Technical Analysis.

Check out page 80 SMA ve EMA vs WMA - I always use WMA's - TradingView look at TA a bit differently to me....

DrB.

 

[DrBourse]

And Brokers Analysis from www.marketindex.com.au for your perusal...

 

[rcw1]

Good morning

• Westpac cut to Accumulate; $22.80 target: CLSA

Kind regards
rcw1

 

[DrBourse]

Well WBC hit the $22.46 BCF Centreline as expected - then WBC spent a week or so at that level, which is normal, but, nobody expected the steep Knee-Jerk Reaction pullback that followed....

WBC was next on my Hit List….

Well WBC hit the $22.46 Benchmark Candle Formation Centreline as expected - then WBC spent a week or so at that level, which is normal, but nobody expected the steep Knee-Jerk Reaction pullback that followed, it left the SP @ $21.25....

Now WBC needs to stay above the BCF Bottom Line of $20.82, and then the Linear Regression Bottom Line B4 any ST uptrend might appear….

If WBC does get below say $20.00 then $18.80 is possible – that would create an excellent buying opportunity, depending on the TA at that point….

Only time and future ST TA, and a few announcements will tell….

My thoughts on the WBC Chart are shown below, and below that are my thoughts on the WBC Financials.

Cheers…
DrB

 

[sptrawler]

WBC results, profits up, dividend up to 70c.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02663242-2A1448102?access_token=83ff96335c2d45a094df02a206a39ff4

 

[dyna]

" Well positioned for the future " eh ?
That CEO , Peter King needs his head read .
I've been waiting 3 years now , just to break even on the S. P.
Capital gain ? Zip !
Divs ? Well , factor in inflation and ....oh boy , so far behind that you don't even want to think about it .
Previous punt on WBC ( 1991 I think it was , just as the late, great , Kerry Packer waded into it ) proved to be a master stroke of luck but buying back into it, again in recent years was , anything but.
Proves once again , that you must never back , just the one horse . Spread your risk , folks . Always , always do that . Otherwise, just give up and go for an ETF.

 

[sptrawler]

Very true @dyna , capital gains on all but CBA has been atrocious and the banks are always the whipping posts, as you say spread the risk.

Having said all that Santos doesn't look any better IMO, even though the price of LNG is through the roof, picking winners isn't easy and taking a profit if the dividends aren't good seems to be the go.
As you said ETF's are looking more and more attractive and are becoming more popular.

 

[rcw1]

" Well positioned for the future " eh ?
That CEO , Peter King needs his head read .
I've been waiting 3 years now , just to break even on the S. P.
Capital gain ? Zip !
Divs ? Well , factor in inflation and ....oh boy , so far behind that you don't even want to think about it .
Previous punt on WBC ( 1991 I think it was , just as the late, great , Kerry Packer waded into it ) proved to be a master stroke of luck but buying back into it, again in recent years was , anything but.
Proves once again , that you must never back , just the one horse . Spread your risk , folks . Always , always do that . Otherwise, just give up and go for an ETF.

Good evening dyna,
rcw1 recalls that with Westpac, thinking maybe 1992 could be wrong, my ledger is in a box somewhere ... kinda remember it crashing, and picked up for $2.70 thinking maybe it was...

Agreed spread one's love, but the issue rcw1 finds difficult is how much luv does one spend on each stock?

Have a very nice evening.

Kind regards
rcw1

 

[sptrawler]

Good evening dyna,
rcw1 recalls that with Westpac, thinking maybe 1992 could be wrong, my ledger is in a box somewhere ... kinda remember it crashing, and picked up for $2.70 thinking maybe it was...

Agreed spread one's love, but the issue rcw1 finds difficult is how much luv does one spend on each stock?

Have a very nice evening.

Kind regards
rcw1

Very true rcw, I first picked up WBC for $2.40 after the 1987 crash.

 

[sptrawler]

Topped up with a few this morning ($21.30), here's hoping.