Before investing in the ANZ hybrids I think it is important to understand your after tax required return.
If you are a SMSF you can use the franking credits to add to your income.
I would expect that over the next 1 - 4 years official interest rates will increase to 5% - 6% which means that I could expect a return of 8.10% - 9.10% if ANZ can record $1.00 or profit every year.
As my required return return is 7% - 10% it is a no brainer to invest in these as I am very confident that ANZ will be able to record $1.00 of profit.
I also hold ANZ for capital growth plus other stocks such as ALS, APA, AGK, BPT, FLX, MAH, OZL, etc etc etc.
Good luck to all
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Last
$27.30 |
Change
-0.130(0.47%) |
Mkt cap ! $81.91B | |||
| Open | High | Low | Value | Volume |
| $27.40 | $27.76 | $27.30 | $166.2M | 6.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11155 | $27.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.30 | 30995 | 1 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |