I agree with moped.
It is in a downtrend and there is sure to be more bad news and earnings downgrades etc, whether ANZ specific or otherwise, either way the news will have a negative effect. When the info hits the market and ANZ is $20 it will obviously go lower. This is why it could go to 15 - 17. However, I think somewhere around 18.20 will be the low.
Although factored in to SP, to some extent already, we haven't even had the earnings reports for the big 3 (plus SGB) yet which is bound to produce downward pressure on price.
The big question for me is how good or bad is Mike Smith. He sounds like one of those CEOs who could be brillant or a failure. If his Asian push is sound and well executed it could be a great positive for the bank. If he is just full of spin ANZ could tank for a lot longer. Smith doesn't sound like the other bank CEOs - which again could be good or bad.
Because apart from all this current sh...........t IMO Smith is the big unknown factor hanging over the bank.
I agree with moped.It is in a downtrend and there is sure to be...
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Last
$28.24 |
Change
-0.050(0.18%) |
Mkt cap ! $84.93B | |||
| Open | High | Low | Value | Volume |
| $28.42 | $28.55 | $28.20 | $113.8M | 4.027M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 43579 | $28.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.25 | 5912 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |