"Presumably ask Stxdwnbndsup as that poster got that tip, not me. " You got me with that one , don't have any counter for that argument.
"$40 billion AUD of underperformance already and predominantly attributable to AUSTRAC." I disagree , not sure many would accept your supposition.
Rams , IT , St George and Austrac , all at times having an effect. The question is , what is having an effect now? No evidence that anybody bar you , and maybe a few mates from the Fitzroy Branch of the Greens , care at this point about the Austrac.thing. Interesting that the past 5 years , WBC's performance , not much different from ANZ and NAB. Certainly no evidence that anybody investing in WBC recently cares about the past.
Anyway , cheerfully sold a quarter of my holdings the big 4 banks [ a bit higher CBA percentage], not because I think they are being managed badly , but I worry the effect that a large orange blob may have on our very trade and Chinacentic economy. Those are the sort of things that bank investors need to worry about , ie the present and possible futures. cheers
WBC Price at posting:
$32.01 Sentiment: Hold Disclosure: Held
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