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
$31.88 |
Change
-0.460(1.42%) |
Mkt cap ! $109.6B | |||
| Open | High | Low | Value | Volume |
| $32.00 | $32.00 | $31.65 | $94.82M | 2.972M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 5780 | $31.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.88 | 1060 | 3 |
View Market Depth
| Last trade - 12.22pm 27/09/2024 (20 minute delay) ? |
| WBC (ASX) Chart |