The best shareholders will get is a 2% discount to the average pricing of WBC over the week. This will be around 50 cents. So If WBC trades at current levels then as a shareholder you may get your shares around $24
Will WBC shares trade lower? Sure this can happen, but you must make a judgement on value. At $24 WBC is very attractive and I will seek all my entitlement. But be on the ready to buy more if the shares trade lower. Worst case, in my view, is WBC might trade down to around 12 month lows of around $23. But with rising market and the noise of this AUSTRAC issue going away, WBC will regain normal value into 2020 of around $27 - $29, again my view only. This was the pattern taken by CBA, recovering strongly after their AUSTRAC problems went away
WBC Price at posting:
$24.77 Sentiment: Buy Disclosure: Held
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