Terrible result in my opinion. Insurance side was great, but their is obviously no confidence left in the banking side. I've only had a brief look at the financial report, will analyse further tonight.
I sold out at $8.88 a few weeks back when I got nervous with the rest of the market. Glad I did, this is overvalued.
The cut in dividend defiantly shows that extra cash is going to be needed for the terrible banking side in the short term. Personally I wouldn't be long on any financial stocks.
Ann: Market Update , page-15
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Last
$17.43 |
Change
0.100(0.58%) |
Mkt cap ! $22.17B | |||
| Open | High | Low | Value | Volume |
| $17.43 | $17.59 | $17.40 | $30.78M | 1.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14000 | $17.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.45 | 5103 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| SUN (ASX) Chart |