No idea, but having a look at this stock over the past 6 months ( I got in early @ $23 something ) I always felt that in the right set of circumstances......this stock could test its all time highs this year sometime.
We are still about $9 off the all time high but we are only in May. CBA is way past its all time high...WBC & ANZ approaching theirs.
As long as NAB can continue to improve and sort out its UK operations we would be a good chance of probably continuing much higher.
And the banks now are being re-rated with the possibility of higher Divi's moving forward. Interest rates also potentially going down next week so Banks are still looking very very good even if they end up being a 4.5% fully franked play.
And regardless of what the broker guru's will say out there...they have no idea. They all said banks were too expensive 15% ago....ie BOQ they all said don't touch it when it was trading at $6.50ish mid last year. The situation in Qld and BOQ improved and yesterday it hit $10.
So my advice is do your own research and go with your gut.
NAB
national australia bank limited
