I agree.
Buy, Buy Buy, sell the shirt off your back & buy some more.... (insert disclosure here) :)
NAB is renouned for making fair to good announcements & share price suffers as a result (gets smashed on bad news).
I am taking a longer term view & think this is a good entry point.
Dividend stream is as projected & ROE has been improving.
Unless they have a bigger exposure to the US than indicated, or unless their cashflow dries up (people still borrow when interest rates rise - don't they? & for people already in debt the cashflow will continue for NAB).
I can't see it returning to the $27 (aka tader debacle days) - unless the entire market falls further. It was $44 not that long ago - what has changed fundamentally with this co, nothing...market has taken a downturn though.
As the saying goes - all ships fall on an outgoing tide..........
I hold & am buying
32.00 per share is a joke, page-2
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Last
$38.28 |
Change
-0.480(1.24%) |
Mkt cap ! $117.8B | |||
| Open | High | Low | Value | Volume |
| $39.00 | $39.07 | $38.07 | $181.8M | 4.749M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21064 | $38.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.29 | 6661 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| NAB (ASX) Chart |