"continuing to pursue opportunities for hybrid equity issues."
This, to me, means despite the dividend cuts, ANZ reckons more capital is needed.
WBC is already issuing a new hybrid at 3.7-4% margin, so ANZ will have to pay 4% minimum.
I think the market will bottom when banks start suspending dividends on preferential shares. Until then, plenty of downside to short.
Ann: ANZ Trading Update , page-3
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Last
$29.64 |
Change
-0.440(1.46%) |
Mkt cap ! $88.41B | |||
| Open | High | Low | Value | Volume |
| $30.01 | $30.03 | $29.54 | $122.8M | 4.139M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $29.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.64 | 22392 | 4 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |