WBC 1.45% $31.58 westpac banking corporation

The next week will be very interesting to see where the SP...

  1. 1,223 Posts.
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    The next week will be very interesting to see where the SP settles. I suspect that it will be around $25 or slightly less. If that’s the case, then taking up the SPP will mean the pricing will be around $24.50 or lower.

    Will now wait til mid next week and decide then. Notwithstanding the horror of the AUSTRAC findings, I will be inclined to take up the SPP. My rationale for this is that the BOD will be cleaned out, a new CEO will surely be found, and even with the fines to be paid the bank will be better for it. Like with CBA you will get a change in culture and improved systems, and the Bank will be better for it.
 
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