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
$27.18 |
Change
-0.060(0.22%) |
Mkt cap ! $94.38B | |||
| Open | High | Low | Value | Volume |
| $27.25 | $27.34 | $27.14 | $60.32M | 2.215M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1303 | $27.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.18 | 7229 | 26 |
View Market Depth
| Last trade - 14.17pm 24/06/2024 (20 minute delay) ? |
| WBC (ASX) Chart |