Unlucky,
Yes - long term it will be worth more than it is now, or even more than the heights of last year.
In addition you will get a decent dividend every six months.
ANZ however has the highest risk profile of the big four banks - it is opened up to Opes Prime, Bills Express/OnQ, Tricom, Chimera, Austindio (ARX) and a slew of other bad or failed investments.
School is also out on their Asian strategy as to whether it will be good for them long term - I think this one could be a winner (getting in on the ground floor of growing economies such as Cambodia and Vietnam).
Overall, I think that it still probably can continue to hit 52 week lows - it has done it like clockwork over the last couple of months and I can't see anything that is going to change that all of a sudden until the world loves financial stocks again.
Waiting for an unambiguous sign that Financials have seen the worst of it behind them I think would be prudent for a long term entry into the stock - this may mean that you miss a sub $17 entry - but also means that you won't have to ride it lower.
HTH
Cheers
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Last
$28.25 |
Change
0.320(1.15%) |
Mkt cap ! $84.96B |
Open | High | Low | Value | Volume |
$28.16 | $28.25 | $27.92 | $328.2M | 11.63M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | $28.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.26 | 146072 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 28.200 |
1 | 1310 | 28.160 |
3 | 10066 | 28.120 |
3 | 46072 | 28.100 |
1 | 8414 | 28.090 |
Price($) | Vol. | No. |
---|---|---|
28.260 | 2008 | 3 |
28.270 | 9986 | 1 |
28.280 | 68390 | 4 |
28.290 | 1475 | 2 |
28.300 | 7215 | 3 |
Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$28.16 |
  |
Change
0.320 ( 1.15 %) |
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Open | High | Low | Volume | ||
$28.14 | $28.19 | $27.92 | 3345582 | ||
Last updated 15.59pm 31/05/2024 ? |
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ANZ (ASX) Chart |