This just looks like a broader part of Westpac's retreat from certain business avenues. Remember, they also backed away from Ozforex earlier this year.
http://www.smh.com.au/business/bank...lump-after-westpac-split-20150118-12t3v9.html
@ValueSnatcher sorry but I completely disagree with you. With the cost of capital so low, and cash asset returns poor, the potential return for a lender via CCV would be attractive. Consider P2P lending..
This just looks like a broader part of Westpac's retreat from...
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $134.9M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.0¢ | $30.86K | 143.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 249763 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 1031399 | 14 |
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| CCV (ASX) Chart |