I wouldn’t give them all thumbs up. They raised more than the buyback is worth at half the price. Ie $14.15. So they are essentially using the funds they raised at $14.15 to buy back shares at $28 plus…. Pointless dilution to shareholders. They were the only bank out of the big 4 to panic raise during COVID.
I have all the big 4 banks. This one stands out for stupidity.
NAB Price at posting:
$28.70 Sentiment: Buy Disclosure: Held
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