NAB 0.56% $36.23 national australia bank limited

I think NAB made a loss of 40m on AMP and they sold SGB to make...

  1. 520 Posts.
    I think NAB made a loss of 40m on AMP and they sold SGB to make it look better. SGB was a jewel in their asset base and the unrealised p/l was already factored in so getting rid of AMP was the reason for the bounce.

    I rkn this is got to be one of the most cynical moves a major has ever done. Mkt will see thru it pretty quick too.
 
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