And back in at the auction. Planning to double holding if it goes near $20 or $21- guided by the macro at the time.
Managed to trade this in a range last summer a few times- but since then been grabbing whatever bank looks the best value at the time.
Two main themes the last 12 months or so- inflation/interest rates will increase bank NIM and the other theme is that inflation/interest rates will kill the economy- the sector has flip flopped between these themes and provided some opportunities on the market. More lately waited for WBC or one of the others to become better value.
OK, the above is not a high level discussion on NIM or CET1 or whatever but it does me for this sector- $22 is a better buy in price than $24. It has been more important for me the last 12 months to have cash available for bargains.
GLTAH IMHO DYOR etc etc
WBC Price at posting:
$22.07 Sentiment: Buy Disclosure: Held
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