SGB st george bank limited

What is WBC really buying ????Why is St George selling soooo...

  1. 551 Posts.
    What is WBC really buying ????

    Why is St George selling soooo fast ?? Good Questions.

    Dont go silly on this stock just yet.

    This stock was 21 bucks weeks ago and going down the toilet and now shazzam its worth $34. What gives ???

    We know nothing about the SGB loan book. Zip, Nadam, nothin........Houses are halving in value across the western suburbs. Read the news papers today and yesterday. This is where St George lend.

    SGB and WBC should come clean before you buy their stock.

    WBC are paying massively over for the value of SGB shares. Ill say by at least 50% if March SP is anything to go by! Take your money and run !!!

    This stock was $21.... 6 weeks ago

    Something is very very wrong here.This is waaay tooo cosy. SGB loan book needs full disclosure as to where it is. They certainly dont lend to the rich eastern suburbs of Australia. They lend to the west and people who were caught up in property mania..... Where is the disclosure ????

    Be careful.

    I pledge I own no shares of WBC or SGB and I do not short, I just would like to see much better disclosure on this transaction. Where is ASIC ??? Gail Kelly still owns over a Million shares of SGB and just made a neat $14m bucks. It all stinks in my view.

    Can someone please explain ??

    Get your own professional advice and ignore mine as I am sometimes very wrong.

    Good Luck and Peace to all.

 
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