Hi Reggie
Could not agree with you more. It is paying over $1.80 in dividend over the year. You would haveto invest $72,000 at cash rates to get this sort of return.
If you allow for a risk factor at 6%, then just based on the dividend of $1.8 ANZ is worth $30. Add the imputation of $771 and the true return is $2,571. At 6% this equates to $42.86. And this based solely on the dividend.
Major sell off. Maybe, would not put it past institutions. But why would you? At current prices, a return of 8.6%.
Just my humble opinion of course.
Pear
Ann: ANZ 2015 Full Year Result - Media Release, page-4
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Last
$31.40 |
Change
-0.120(0.38%) |
Mkt cap ! $93.89B | |||
| Open | High | Low | Value | Volume |
| $31.75 | $31.87 | $31.40 | $146.5M | 4.637M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14009 | $31.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.42 | 245 | 1 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |