It is not likely to be a bargain, as the offer of 3.5 bil was already rejected.
So why would you buy a dodgy bank in a country that is about to undergo huge financial shake up and why would you want to pay a big bickies for that? While still eyeing AXA in Australia to boot?
One of the stories I have read recently in the press was that after NAB droped their fees to atract more business, when the crowds arrived, the staff was totaly unprepared for the rush, potential new customers were experiencing big delays and many walked out.
It seems that NAB management has been to Kevin Rudd school of business.
Brian
NAB Price at posting:
$25.95 Sentiment: Hold Disclosure: Held
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