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Wednesday, 27 May -- Full Circle, page-90

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kacy

11,702 Posts.

566

27/05/20

13:45

Post #: 44867801
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Originally posted by mining=$: ↑

Meaningless as we have trailed these indexs due to financial acting as a fat anchor the last month. Now it seems as though the provisions and forecast for the bad debts the banks were going to take on are not going to happen. Remember ANZ WBC and NAB were all at discount to book value so its no surprise the rerate here. Im expecting us to reach 6000 and trade the 5800-6070 range for a period of time until September as i see that as been a fair value given we are better off than we thought we were going to be however dont know the impact once job keeper goes away. Pick strong stocks in your portfolio or just hold STW and dotn follow share prices as a gauge to enter anything. GLTA IMO DYOR

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"Now it seems as though the provisions and forecast for the bad debts the banks were going to take on are not going to happen. "

That's it, and if they don't need the money anymore they may as well pay it out as dividends.

Dividend yield scan: https://www.marketindex.com.au/analysis/dividend-yield-scan-26-may-2020

Last edited by kacy: 27/05/20

XJO Value at posting: 5,831.4
3 Upvote

0 Great analysis

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