WBC westpac banking corporation
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Where's the supportive information?IMO, Key Reasons Why WBC SP...

  1. usc75
    7,027 Posts.
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    29/09/20
    07:59
    Post #: 47694380
    Where's the supportive information?

    IMO, Key Reasons Why WBC SP Will Head South:

    1. 26 Investor Class Actions: still pending. According to Alan Kohler on ABC New on Thursday 24th Sept 2020, Shareholders have LOST $37bn related to Westpac-AUSTRAC Paedophile-Money Laundering Scandal!
    https://www.abc.net.au/news/2020-09-24/thursday-finance-with-alan-kohler/12700482?nw=0

    Q: how much will WBC get Hit??

    2. ?? Retail Customer's Class Actions related to above: IMO, expect several to follow.

    3. Exposure to Customer Debt Defaults: yesterday, both JobKeeper & JobSeeker Payments Got Slashed: former by 20% & 50%; latter by 45%!

    See various media announcements.

    Q: hoe much will WBC get hit by increase in defaults??

    Nobody yet knows, but IMO it's likely to be substantial...
    WBC Price at posting: $17.38 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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$34.28 		Change
-0.295(0.85%) 		Mkt cap ! $117.2B
Open High Low Value Volume
$34.70 $34.85 $34.25 $52.93M 1.536M

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Price($) Vol. No.
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Last trade - 13.57pm 27/06/2025 (20 minute delay) ?
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