Fair enough commentary. Be interesting over the next week to see if NAB's bounce yesterday was over cooked of whether we will see the SP continue to edge up a bit more towards the ex-div date.
I think you may be right about the SP settling after that. Maybe $28 given the still unsettled environment.
Note that the DOW is currently up 240 points on the back of China and the US agreeing to wind back tariffs - always a good thing for the ASX when there is a bit of good news from overseas. If this continues then it may shore up the SP for banks in general.
Still think we could have another interest rate cut - though that is not certain and it would be the last one. That will work against bank profitability further. Though I do suspect we've seen the worst.
Your view on MLC is of interest. Perhaps this could be the reason it has been delayed - or at least NAB was waiting to get the best chance of a good offer. Maybe the less than perfect result will accelerate the efforts to off-load MLC.
Ann: 2019 Full Year Results Summary, page-23
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Last
$37.13 |
Change
-0.220(0.59%) |
Mkt cap ! $114.1B | |||
| Open | High | Low | Value | Volume |
| $37.35 | $37.42 | $36.90 | $147.1M | 3.958M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6062 | $37.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.13 | 35115 | 4 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| NAB (ASX) Chart |