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
$28.13 |
Change
-0.255(0.90%) |
Mkt cap ! $84.79B |
Open | High | Low | Value | Volume |
$28.10 | $28.24 | $28.08 | $23.32M | 829.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 4061 | $28.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.13 | 4478 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 4212 | 28.150 |
12 | 5643 | 28.140 |
11 | 5766 | 28.130 |
10 | 6203 | 28.120 |
12 | 5514 | 28.110 |
Price($) | Vol. | No. |
---|---|---|
28.160 | 2796 | 15 |
28.170 | 4160 | 10 |
28.180 | 3820 | 11 |
28.190 | 4357 | 10 |
28.200 | 3466 | 7 |
Last trade - 11.37am 24/05/2024 (20 minute delay) ? |
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Last
$27.95 |
  |
Change
-0.255 ( 1.25 %) |
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Open | High | Low | Volume | ||
$28.11 | $28.24 | $27.95 | 145356 | ||
Last updated 11.58am 24/05/2024 ? |
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ANZ (ASX) Chart |