@sircorp ........." It will not going any where till ........."
If you look at a 30 year chart of any of the big 4 banks, they never go sideways for long. It is a whole series of peaks and troughs. IMHO once the market has settled down the banks will creep up in SP, because the downwards movement over the last 4 years has been overdone.
I personally don't care as I bought when the SP was above 11.5% FF basis. All NAB has to do is maintain around the current dividend in the outlook and the SP is likely to start reacting upwards.
After a couple of years with property just going sideways, investors will be looking for higher rates of return (assuming IR stay around the same low levels), the 11%+ FF dividend will gradually fall as people look for 'value' in shares. Only when the FF dividend lowers to 6-8% would I start to get worried that the SP was too high.
It is a cycle that has happened for decades, I'm certainly not prepared to bet that this time is different.
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@sircorp ........." It will not going any where till ........."...
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Last
$37.59 |
Change
0.230(0.62%) |
Mkt cap ! $116.2B |
Open | High | Low | Value | Volume |
$37.29 | $37.64 | $37.25 | $104.9M | 2.796M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7483 | $37.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$37.60 | 1172 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 152 | 39.460 |
1 | 754 | 38.540 |
1 | 107 | 38.520 |
1 | 1181 | 38.400 |
2 | 1192 | 38.360 |
Price($) | Vol. | No. |
---|---|---|
35.670 | 1960 | 1 |
35.700 | 202 | 1 |
35.720 | 412 | 5 |
36.280 | 567 | 3 |
36.380 | 6 | 1 |
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