Westpac Investors Get NO DIVIDEND!, page-25

What are you talking about..the problem here is that investors had grown fat and lazy like the banks.
Banks here have been under performing for YEARS now. This is not news.Covid just bought matters to a head. Anyone who thinks they can be a passive investor is dreaming.** The gfc was our wake up call***...
This result is poor no doubt. I really feel for those holding pre covid.
It was obvious wbc was going to be beat up early on for gods sake.
I bought in march / april anticipating a complete overhaul.This has already begun and was long overdue.
My outlook for wbc is min 3 years out and i monitor all my investments daily.
Im expecting an average gross return on investment of 8% p.a which would indicate a SP of $19 in 3 years time.
Anything over a bonus, and im quietly anticipating a bonus..
I believe Wbc will come out of this leaner, more efficient and very very hungry. I feel for those holding pre covid however i say again the DAYS OF PASSIVE INVESTING IN ANY ASSET CLASS ARE GONE.