completely disagree - i think theyve quietly laid solid foundations for future prosperity. havent seen a broker that doesnt rate us above all other banks, in terms of current value.
lets re-asses.
- Buy back - done, removed ~3% off the old register - will naturally allow improved eps
- expenses - $5bn drop - practically done
- divs - will easily revert to >90c per period, hoping for >$1 or $2 FF per year!!! (8.5% FF yield when that happens)
- tech - as a St George etc, closing branches, white labelling products and allowing us to use ANY Westpac bank to transact = more branch shedding, greater flexibility for clients = better customer satisfaction + more cost savings for us.
mkts asleep at the wheel with this one, now we've finally shaken off the legacy witch hunt, my personal PT ~$30 is in sight.....interest rates will naturally raise nim and itll be payday with a smaller register and much leaner operating costs....
bring on the next reporting season....
WBC Chart, page-40
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Last
$32.26 |
Change
0.520(1.64%) |
Mkt cap ! $111.1B | |||
| Open | High | Low | Value | Volume |
| $32.09 | $32.37 | $31.94 | $68.15M | 2.117M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1396 | $32.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.26 | 7305 | 5 |
View Market Depth
| Last trade - 11.10am 17/10/2024 (20 minute delay) ? |
| WBC (ASX) Chart |