Mchawe, if what you say comes to be, then god help the nab SP and those who hold nab scrip(fortunately not me !)
The AK interview with JS gave me the impression by JS that the
830m & 181m full write off/provision was the end of the story.
If nab comes back down the track with more increases in provision for bad debts related to the cdo's and subprime then i don't think this will impress anyone most importantly the instos and their backers and the carnage on the SP might be more severe than we witnessed last friday.
same old nab, page-14
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$38.17 |
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Mkt cap ! $117.6B | |||
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