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$37.27 national australia bank limited

Is NAB way undervalued?, page-295

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Nanood

7,791 Posts.

105

21/06/16

16:26

Post #: 18085650
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Originally posted by bug1 ↑

I agree that Aus election isnt exerting any pressure on markets, and that bookmakers see an LNP majority as a foregone conclusion.

IMO the odds misrepresent the situation, its a confidence game for the LNP, the last thing they want is to look chaotic or desperate, they dont want to remind people of their leadership problems, they want voters to think everything is under control, and this is going to be an orderly transition.

Another essential poll out today that has ALP at 51%. But I dont think the market will see a LNP loss coming, so plenty of time to wait until it happens. Wait for the hung parliament, the weeks of counting, the negotiating with cross-benches, the fear at the possibility of needing a new election (both major parties say they wont negotiate with cross benches). Looks like a lot of potential drama and uncertainty to me.

Nick Xenophon supports a banking enquiry, and he is likely to be the kingmaker in the event of a hung parliament.

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I support a banking enquiry also. The outcome? Nothing. The banks can afford better legal representation than the government

NAB Price at posting: $25.67 Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last $37.27		Change 0.150(0.40%)		Mkt cap ! $114.5B

Open	High	Low	Value	Volume
$37.12	$37.48	$36.93	$113.7M	3.053M

Buyers (Bids)

No.	Vol.	Price($)
1	12468	$37.26

Sellers (Offers)

Price($)	Vol.	No.
$37.30	10657	2

View Market Depth

No.	Vol.	Price($)
1	12468	37.260
2	11424	37.200
2	10055	37.170
1	22552	37.160
2	15218	37.140

Price($)	Vol.	No.
37.300	10657	2
37.310	297	1
37.330	400	1
37.360	5658	1
37.370	10055	1

Last trade - 16.10pm 08/10/2024 (20 minute delay)

NAB (ASX) Chart