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
Ann: News Release - ANZ NZ 2022 Half Year Result, page-91
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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 |
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| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |