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
$28.75 |
Change
-0.020(0.07%) |
Mkt cap ! $86.46B |
Open | High | Low | Value | Volume |
$28.64 | $28.85 | $28.64 | $67.16M | 2.335M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3135 | $28.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.79 | 747 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 183 | 28.740 |
2 | 1304 | 28.700 |
1 | 4000 | 28.660 |
1 | 24 | 28.650 |
1 | 1000 | 28.620 |
Price($) | Vol. | No. |
---|---|---|
28.810 | 1500 | 1 |
28.850 | 594 | 3 |
28.870 | 346 | 1 |
28.880 | 1000 | 1 |
28.900 | 2324 | 3 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$28.83 |
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Change
-0.020 ( 0.08 %) |
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Open | High | Low | Volume | ||
$28.68 | $28.84 | $28.66 | 291745 | ||
Last updated 15.59pm 14/06/2024 ? |
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ANZ (ASX) Chart |