NAB 0.91% $35.63 national australia bank limited

NAB SPP Risks, page-28

  1. 530 Posts.
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    Thanks Salty, I don't think many people would argue your points. No doubt NAB is a cyclical pig of a stock. But it is cheap, probably the cheapest out of the big Aussie banks. The SP is still about 90% BV. Admittedly VUK is often less than 40% BV and European banks consistently trade below BV in this low interest rate environment. So there is an argument for some bank exposure, but in a modest way that is aware of the risks.

    For reference I also hold a number of the other financials you mentioned - Visa, Macquarie. But knowig these businesses well over a number of years they are completely different to a bank like NAB. And the price is completely different! NAB is a fraction of the price of these on almost any measure.


 
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$35.63
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$35.73 $35.79 $35.43 $76.33M 2.142M

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1 10799 $35.61
 

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