Does anyone else see the over subscription as a good sign for NAB?
Sure I didn’t get the full amount I wanted for my $15000 but what I have got since the offer is near on a $7 share price rise since it.
I didn’t sell any shares to take part in it (and I feel for those who did) but a week before the offer closed it should have been as clear as day to anyone that this was going to be massively oversubscribed.
Perhaps as share holders we should be kicking ourselves that we didn’t spend that $15000 when shares were 16 odd dollars as opposed to the pipe dream that the SPP was always going to be.
At the end of the day NAB appears to have gotten itself together (in the mind of buyers anyway) and is heading the way I expect a world class Australian bank should, up.
And yes I only got 202 shares, but I got them damn cheap relative to the current price.
Just my thoughts and I hope some other stock holders agree.
regards
Arch
NAB Price at posting:
$28.48 Sentiment: Buy Disclosure: Held
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