NAB 1.89% $37.12 national australia bank limited

axa takeover, page-17

  1. 2,762 Posts.
    Free will,
    it won't help much. Margins are declining for Super, managed funds and competition is increasing. So the competitive advantage they've had is in decline. e.g. industry super funds. Current commsec forecasts are eps of 31.8 2009, 33.1 2010, 34.5 2011. NAB's organic growth profile, as with the other 3 in the big 4 is much stronger. So the further you go out into the future, the worse it gets, as you're selling NAB equity as of now for a miles overpriced AXA.
 
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