Im with you johnlamp (except my commsec account worked fine).I...

Im with you johnlamp (except my commsec account worked fine).

I can't work out why posters on this forum are up set with NAB.
For mine, they did exactly as out lined in the offer document.
It can't possibly be the fault of NAB that shareholders applied for more shares than they were prepared to offer.
Imagine the outcry if they did except the whole A$2.6 Bil and with the dilution of shares their price fell to $21.

It's my view that the majority of negative posters had counted their 'winnings' before the final count was made.
I can't understand how you would not be happy with a $1400 profit in a couple of weeks with a minimal amount of work.

PS
I still think all 4 pillar banks are undervalued on the ASX and i'll continue to buy for the long term at these levels. in fact I had a big buy order in at $26 yesterday for NAB hoping that their was some quick profit taking after the SPP. Oh well still happy to pay $28 for them, just wont buy as many!