Unlucky,
Yes - long term it will be worth more than it is now, or even more than the heights of last year.
In addition you will get a decent dividend every six months.
ANZ however has the highest risk profile of the big four banks - it is opened up to Opes Prime, Bills Express/OnQ, Tricom, Chimera, Austindio (ARX) and a slew of other bad or failed investments.
School is also out on their Asian strategy as to whether it will be good for them long term - I think this one could be a winner (getting in on the ground floor of growing economies such as Cambodia and Vietnam).
Overall, I think that it still probably can continue to hit 52 week lows - it has done it like clockwork over the last couple of months and I can't see anything that is going to change that all of a sudden until the world loves financial stocks again.
Waiting for an unambiguous sign that Financials have seen the worst of it behind them I think would be prudent for a long term entry into the stock - this may mean that you miss a sub $17 entry - but also means that you won't have to ride it lower.
HTH
Cheers
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Last
$28.44 |
Change
0.290(1.03%) |
Mkt cap ! $85.67B |
Open | High | Low | Value | Volume |
$28.25 | $28.53 | $28.21 | $51.68M | 1.814M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1642 | $28.43 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.44 | 4879 | 46 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 3662 | 28.430 |
13 | 4518 | 28.420 |
14 | 4925 | 28.410 |
13 | 5246 | 28.400 |
7 | 3421 | 28.390 |
Price($) | Vol. | No. |
---|---|---|
28.440 | 3043 | 30 |
28.450 | 4806 | 22 |
28.460 | 6491 | 19 |
28.470 | 4865 | 13 |
28.480 | 9378 | 17 |
Last trade - 14.38pm 04/07/2024 (20 minute delay) ? |
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ANZ (ASX) Chart |