Recent writedowns of $350,000,000 mean that the net asset backing of Westpac shares has declined by a mere 20 cents per share. Compare that to the recent market fall per share of more than $3 and one can justifiably claim that the decline has been overdone.
So I reckon WBC is a buy at the moment.
WBC price decline overdone
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Last
$27.23 |
Change
0.140(0.52%) |
Mkt cap ! $94.47B | |||
| Open | High | Low | Value | Volume |
| $27.29 | $27.40 | $27.10 | $138.8M | 5.101M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4602 | $27.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.23 | 50657 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WBC (ASX) Chart |