S
My opinion, for what is worth, as everybody has one..
ANZ is LT buy at around $20 with a stop loss around $19
If u get stopped out look to LT buy $13 to $16
although a client of OP, I do believe the ANZ has a great future in Asia...but the asians value integrity and reputation above all else...Smith would know this...and thats why, to be successful in Asia, he needs to sort out his own backyard in Australia...especially the OP mess
To give one small example...Melaware Steel..strong links to Malaysia Royal Family...who have links in Shanghai and Hong Kong business circles...Melaware had a strategic position in Gindalbie, whose largest backer is Ansteel...one of Chinas largest steel producers...ANZ sold Melawares shares in Gindalbie
Another Op client...Chairman of FMG..now looking to become the next big iron ore play with the Chinese...he lost half his position when ANZ sold his shares...about $20m worth
I could name 100s of other OP clients with links to Asia at very high level
Its all about reputation in Asia...reputation, reputation, reputation...and Smith knows it
SMy opinion, for what is worth, as everybody has one..ANZ is LT...
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Last
$31.52 |
Change
-0.270(0.85%) |
Mkt cap ! $94.25B | |||
| Open | High | Low | Value | Volume |
| $31.33 | $31.70 | $31.15 | $167.7M | 5.328M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 21189 | $31.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.54 | 12981 | 2 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |