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0.51%

$37.46 national australia bank limited

bank shares rally, page-31

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nottawombat

6,275 Posts.

586

30/05/20

14:27

Post #: 44936638
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Originally posted by Grajem12: ↑

You just need to be patient.

Traders will play with stock between $15 and $19, grabbing a % or 2 with high volumes moving day by day.

Not what I am interested in.

Buying in at $14 will see that as bottom in my view, valuation now back nearing book value. I will ride the recovery, with ups and downs, and WILL see NAB back to $20+ , by end July if not 30 June, in my view

The value of going long on banks, again my view, DYOR, is that it is more likely banks will not see recession like losses on their books and quite the opposite profits are likely to be greater that pessimistic ally thought. And likely too that ANZ and Westpac may review their books in August and payout say a small dividend of 30 cents like NAB. But yes expect CBA to trim their dividend to $1.50 or so in August too

Remember, our Banks paying out dividends will help economic recovery, is spending, and this then leads also to Banking profitability too

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Paying a dividend has the effect of reducing the capital value of the company. That is why in less volatile times the share price drops ex-div.

I just have to disagree with much of what you last posted.

NAB Price at posting: $17.81 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $37.46		Change 0.190(0.51%)		Mkt cap ! $115.1B

Open	High	Low	Value	Volume
$37.52	$37.72	$37.30	$99.63M	2.658M

Buyers (Bids)

No.	Vol.	Price($)
1	300	$37.41

Sellers (Offers)

Price($)	Vol.	No.
$37.47	7201	1

View Market Depth

No.	Vol.	Price($)
1	300	37.410
4	30492	37.350
2	5077	37.330
4	21274	37.320
3	4042	37.310

Price($)	Vol.	No.
37.470	7201	1
37.490	7010	1
37.500	4089	3
37.510	3641	1
37.520	19252	3

Last trade - 16.10pm 09/10/2024 (20 minute delay)

NAB (ASX) Chart

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