It feel to me at the moment that we cannot get a bid and when we do large sell orders take it out.
The NAB controlled funds were in at 2.70+ early July and are not out as yet. That presents a bit of an overhang on the way back up unless they are out and yet to announce.
The first half results are going to be pretty good and give us a ridiculous PE.
The questions are outlook, Capital investment and dividend policy. I think, given the bullish statement to date we will get a beat and an interim dividend lift.
The question will be H2.
Scheduled to report mid next month, so I would not be falling on my sword before that.
BLY Price at posting:
$2.54 Sentiment: Hold Disclosure: Held