Back in the day most banks and etc realised that investing in their core business is a better use of their capital than owning property. It was either the 80s or 90s that I read this. It does make sense. So they sold their branches and now lease. In other words, the opportunity cost of owning a branch is the money that they could make with that capital elsewhere.
Something like that.
There are a number of bargains to be had on the market. The opportunity cost of buying a struggling non-dividend paying stock is not buying ANZ with a PE of about 11 and dividends every 6 months.
IMHO DYOR
- Forums
- ASX - By Stock
- ANZ
- Ann: News Release - ANZ NZ 2022 Half Year Result
Ann: News Release - ANZ NZ 2022 Half Year Result, page-91
Featured News
Add ANZ (ASX) to my watchlist
|
|||||
Last
$30.84 |
Change
-0.560(1.78%) |
Mkt cap ! $92.21B |
Open | High | Low | Value | Volume |
$31.45 | $31.49 | $30.68 | $210.0M | 6.793M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | $30.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$30.84 | 201 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 30.800 |
1 | 2568 | 30.780 |
1 | 41763 | 30.770 |
1 | 10000 | 30.760 |
1 | 27753 | 30.750 |
Price($) | Vol. | No. |
---|---|---|
30.840 | 201 | 1 |
30.850 | 214 | 1 |
30.860 | 24799 | 2 |
30.870 | 13697 | 3 |
30.890 | 3500 | 1 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
Featured News
ANZ (ASX) Chart |