WBC 0.31% $29.08 westpac banking corporation

Fast Heading To $25.32, Then Where Will Share Price Fall?

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    Fast Heading To $25.32, Then Where Will Share Price Fall?


    Given CR, SP downwards to $25.32 is not surprising.

    Next Q: Where to next?

    IMO, further "south" for flw key reasons:

    1. 2018 64% 1st Strike looks negatively unsteady given WBC's 2019 financials;
    2. Cumulative remediation payments from 2017 to 2020 to go from $1.7 bn (2017-2019) to est $4.0 bn
    3. 2020 net profits & dividends will fall further than 16% & 15% respectively.

    Expect 2019 AGM on Dec 12th to be firey.
 
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