Australia's largest stock trading and investment forum Australia's #1 stock forum

WBC

Click for more information

1.40%

$28.99 westpac banking corporation

Ann: WBC 1Q22 Update release, page-20

First 20 Last

Share
Profile

Follow
s_sood15

1,900 Posts.

76

03/02/22

09:35

Post #: 59320001
Share

Originally posted by SaltyInvestor: ↑

Australian mentality: "We need to cut costs so we can maintain the dividend."

American mentality: "We need to grow revenue so we can grow our dividend."

Investing in Australian banks, bar CBA and Macquarie is a fool's game.

This bank (Westpac) is so bad, so awful, that it hasn't hit an ATH in about 7 years. In fact, it's trading at where it did in the mid-2007s, all while failing to provide shareholders a stable income.

Anyone who decides to invest in Westpac is just making an awful, awful decision and losing sight of the big picture to get a few "frankies" in the bag. I hope that mirage of that big fat juicy divvy doesn't detract you from an investment that will win in the longer term.

An awful, awful investment, and today's announcement is a culmination of Westpac's failure in investing in its business and so the easy and cheap answer for this cheap and third-tier and uninspiring, visionless management team is to cut costs so they can meet their targets and get paid bonuses.

Westpac

CBA
Royal Bank of Canada

JP Morgan Chase

Expand

Why choose 2012 .. choose 2008

WBC Price at posting: $20.60 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

PAM

PAM secures high-grade Chilean copper play in strong territory

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

There are more pages in this discussion • 56 more messages in this thread...

First 20 Last

Add WBC (ASX) to my watchlist

(20min delay)
Last $28.99		Change 0.400(1.40%)		Mkt cap ! $100.3B

Open	High	Low	Value	Volume
$28.80	$29.02	$28.77	$146.2M	5.054M

Buyers (Bids)

No.	Vol.	Price($)
1	832	$28.90

Sellers (Offers)

Price($)	Vol.	No.
$29.00	61910	47

View Market Depth

No.	Vol.	Price($)
1	832	28.900
1	9720	28.890
1	9720	28.870
2	789	28.860
2	10720	28.850

Price($)	Vol.	No.
29.000	60105	46
29.010	1644	3
29.020	8900	7
29.030	24457	5
29.040	8370	4

Last trade - 16.10pm 29/07/2024 (20 minute delay)

WBC (ASX) Chart