IMO the reason NAB is limping behind the other banks today is that they were much too conservative in their update in regards to bad debts provisions..
Westpac announced reduction in bad debts of 40% and the SP shot right up pulling other banks with it. Obviously the market was of the opinion that other banks would be in the same position as Westpac.
Suprise, suprise NAB in their update reduces their bad debt provisions only by 20%. So market ignores NAB while others continue upwards.
I for one do not believe for 1 second that the NAB loan's portofollio is so much worse than Westpac's. It is just one bank being more positive and the other being very conservative. God knows what they hoping to achieve by doing this, looks like they want to get themselves an underdog reputation. Well that might work in politics but it does not work in business.
It looks to me that NAB just does not want the SP to improve and I am begining to loose my patience with this incompetent management. Soon it will be time to vote with my feet, I reckon.
Brian.
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Last
$37.41 |
Change
0.170(0.46%) |
Mkt cap ! $115.6B |
Open | High | Low | Value | Volume |
$37.50 | $37.54 | $37.34 | $107.6M | 2.881M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $37.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$37.42 | 10206 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 329 | 37.240 |
2 | 1800 | 37.220 |
1 | 1500 | 37.180 |
1 | 26 | 37.120 |
3 | 136 | 37.100 |
Price($) | Vol. | No. |
---|---|---|
37.440 | 150 | 1 |
37.510 | 266 | 1 |
37.520 | 50 | 1 |
37.550 | 2071 | 2 |
37.570 | 320 | 1 |
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