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$33.88 national australia bank limited

Ann: NAB launches capital raising, page-52

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castadiva

200 Posts.

27/04/20

17:07

Post #: 44284187
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Originally posted by discursive: ↑

Nope I seen this coming weeks ago.
I don’t think they are asking for enough IMO.
I would’ve probably gone for $5bil @ $14.
I’m expecting SP to go below $14 anyway this has probably made it a more likely reality. I still see the 3 banks bottoming around $13, with a chance of hitting lows around $12’s.
Now with nasty effects of dilution this will probably take a long time to recover.
But while this may seem the worst time to be owning a bank, it could be a good time to be buying.
The smaller banks like BEN, BOQ, ING, BankWest, and so on will probably find it a lot harder to survive and a few may collapse. The big banks with deeper pockets, if they survive will probably thrive on the other side, so keep that in mind. If the market contracts it doesn’t mean all business operate insolvent for a year or two, it means the bad go broke, the survivors grab more of the market share and rally hard on the other side of this.

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BEN is Westpac.

NAB Price at posting: $15.76 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last $33.88		Change -0.520(1.51%)		Mkt cap ! $104.8B

Open	High	Low	Value	Volume
$34.00	$34.03	$33.73	$56.36M	1.661M

Buyers (Bids)

No.	Vol.	Price($)
34	3836	$33.87

Sellers (Offers)

Price($)	Vol.	No.
$33.88	9394	58

View Market Depth

No.	Vol.	Price($)
38	4564	33.880
16	5681	33.870
15	4655	33.860
20	5617	33.850
12	3522	33.840

Price($)	Vol.	No.
33.890	4342	20
33.900	8257	15
33.910	5404	10
33.920	2825	5
33.930	3076	4

Last trade - 15.24pm 24/05/2024 (20 minute delay)


Last $33.94			Change -0.520 ( 1.16 %)
Open	High		Low	Volume
$33.96	$34.03		$33.74	394212
Last updated 15.43pm 24/05/2024 ?

NAB (ASX) Chart