We have to go back to 20o8 when NAB last hit 40. Surely you would think that it would be about time that the 40 mark would be breached. So what is holding NAB back?
NABs positive action in dealing with its poorly performing banking business in the UK will be a boost to the SP. SP has appreciated nearly 10% in a short period of time.
NABs profit has declined from 5.94B to 5,29 last year.
Economically the price of oil will be another factor inhibiting NABs bottom line.
IMO we will see NAB break through $40 in 15. IMO oil will reverse direction and spike towards the end of the year. Positive steps taken in UK will see NAB increasing profits from 5.94.
40 here we come
Stackey
NAB Price at posting:
$34.23 Sentiment: None Disclosure: Held
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