Not much sense in speculating about the imminent drop we all know will happen tomorrow.
Usually the x drop is a few more cents than the the divvy.
With most blue chips the loss is recovered within a couple of weeks of trading.
When WBC drops 60 or 70 cents in the morning I will be grabbing as much as I can afford.
The bank has been whacked by regulatory penalties and asset write downs.
It has survived a couple of very bad years and still sits on a very large pile of cash.
On the positive side a divvy of 60 cents plus credits is not to be scoffed at , plus the 3.5 bill buy back, the bank seems to have seen the light in terms of home loan lending and is gaining (some momentum there ) some !!
The next 12 months will test Mr Kings determination along with all of our patience.
Hope they don't loose to many good people with the cost cutting.
Ann: Westpac announces $3.5 billion off-market share buy-back, page-260
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Last
$31.92 |
Change
-0.480(1.48%) |
Mkt cap ! $109.7B | |||
| Open | High | Low | Value | Volume |
| $32.40 | $32.40 | $31.82 | $175.6M | 5.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 10729 | $31.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.92 | 2867 | 1 |
View Market Depth
| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| WBC (ASX) Chart |