In 2020 NAB raised over $4B at a share price of about $14. Now they are buying back shares for well over double that price. And they have a history of doing similar things before this latest example.
I don't think the buyback is in the "long term good". I think its evidence that the bank is run by reactive managers rather than forward thinking leaders. And thats being kind. If i was unkind i would say its evidence of incompetence since these people running the bank are paid huge salaries because of their so called banking expertise yet they cant get basic things like that right.
I'm getting out i am just glad the price has gone up enough for me to sell at a good profit.
Ann: 2024 Half Year Results Summary, page-3
-
- There are more pages in this discussion • 6 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 |