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$27.89 westpac banking corporation

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poppypop

1,655 Posts.

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28/03/23

14:38

Post #: 66999634
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Originally posted by Lyzaqu: ↑

And you have to think, how much inflation has there been since then?

If we assume there has been 25% inflation since the pandemic, then a $15 share price is really equivalent to a $18.75 share price currently.

So on an inflation adjusted basis we are barely above where people were massively panicking.

Meanwhile the banks have doubled or more their equity capital over the last 15 years since the GFC and significantly strengthened their positions. While this has hit earnings over the last decade, these reforms are largely coming to an end now with spare equity capital being used for buybacks and dividends once again which should boost returns.

This could turn out to be one of the best buying opportunities for banks in quite a long time as the headwinds of non-bank competition, higher equity capital, royal commission, turn into tailwinds of less competition from non-bank (as they are finding it harder to get capital), excess equity capital which can be used for buybacks/divis, and simplification and rectification of business issues arising from the royal commission.

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very true. I now believe we're in the early stages of a rally that will last until mid April.

WBC Price at posting: $21.53 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $27.89		Change 0.260(0.94%)		Mkt cap ! $96.78B

Open	High	Low	Value	Volume
$27.75	$27.99	$27.72	$85.72M	3.074M

Buyers (Bids)

No.	Vol.	Price($)
17	7209	$27.89

Sellers (Offers)

Price($)	Vol.	No.
$27.90	32648	23

View Market Depth

No.	Vol.	Price($)
25	13495	27.900
22	11298	27.890
16	7732	27.880
10	6336	27.870
8	6180	27.860

Price($)	Vol.	No.
27.910	3510	6
27.920	11111	17
27.930	26236	14
27.940	9691	11
27.950	30439	15

Last trade - 15.48pm 12/07/2024 (20 minute delay)

WBC (ASX) Chart