Yes they may have paid $5 plus franking credits but paid for by capital raising and sale of businesses what a brilliant model,no growth look at MQG growing the business and growing dividends.
10 years ago my SMSF had 40% local banks yes good dividends but no growth I trimmed that back to 8% now and I bought into growth businesses like FPH,RMD,ALL MQG,BKW and GMG.
It took me a while to wake up to the yield trap but growth with smaller dividends has has made my SMSF grow much faster than if I had kept 40% in local banks and their performance will come under more pressure as they get their grass cut by brokers,BNPL and larger fintechs coming in to competition with them.
NAB SEP 2010 $22 Today $26.83
MQG SEP 2010 $22 Today $156
Ann: NAB to buy back up to $2.5B of ordinary shares on-market, page-72
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NAB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$36.94 |
Change
-0.670(1.78%) |
Mkt cap ! $113.6B | |||
| Open | High | Low | Value | Volume |
| $37.08 | $37.29 | $36.88 | $167.7M | 4.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 445 | $36.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.97 | 11870 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| NAB (ASX) Chart |