Rubbish - what if you just bought in recently like myself?...

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huninni

4,158 Posts.

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01/01/19

16:51

Post #: 36997007
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Originally posted by cevatt ↑

Originally posted by stackey100

Smirk. Probably the worst post I have read this year.

The market indicates nothing. Financial stocks have always been volatile . This year probably more volatile than most due to the RC and Trumps trade wars with China.

The importance of Banking stocks to the Australian economy cannot be understated. Bank stocks have been some of the best investments on the ASX attracting investment from around the world. The dividend has been excellent and will continue to be excellent. Your view that the dividend will be cut substantially is fanciful thinking. I can see no reason why the dividend would not increase.

At the moment the dividend yield would be around 8.5% excluding franking credits. If you take the franking credits into consideration the yield would be around 12%. Not bad money!

RC findings due soon . If they are not too harsh expect financials to run. Resolution to trump trade wars will push NAB over 30. Future dividends? IMO 2 bucks plus

Stackey

Does not tell the whole story
the dividend yield of 8% is not a gain if the share price falls 16 %
you would have to hold for 2 years to break even
you could get better money on a bank deposit in two y with no risk

and to make a profit need to hold for 3 years

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Rubbish - what if you just bought in recently like myself?

You’re funny, an expert when the stocks getting hammered and go missing when it recovers which is pretty standard by the looks of things!

NAB Price at posting: $24.07 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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