ANZ.NZX - Anyone holding?

[winner69]

only 240m? how much did they make 2.9b? so less than 1% 'actual' impact, yet the share price of ANZ fell how much this month? nearly 15% or something? (mostly due to the budget tax I believe)

Calculator / abacus need new batteries t_j?

[winner69]

Customers will cover this - higher mortgage rates and lower deposit rates etc

And the average Aussie thinks the banks are getting their comeuppance - when they themselves are the victims

[trader_jackson]

might want to refresh your calculus lessons ...

240 m would be roughly 8.3% of 2.9 b, quite a significant take.

Yes, my apologies, you are quite right... so this accounts for about half the fall, where was the other half?

[Bjauck]

Yes, my apologies, you are quite right... so this accounts for about half the fall, where was the other half?

New Levy + Australia-wide Banking downgrade + Australian Housing debt = lots of negative vibes

S&P cites risk of sharp correction in property prices as it cuts 23 lenders' ratings
http://www.smh.com.au/business/banki...22-gwa6pd.html

Moody's say Australian bank performance steady, but latent risks rising in household sector
http://www.reuters.com/article/brief...-idUSFWN1IJ00L

Fitch: Australia Budget Negative for Banks but Impact Manageable
http://www.reuters.com/article/fitch...-idUSFit998955

[winner69]

Yes, my apologies, you are quite right... so this accounts for about half the fall, where was the other half?

The wall of worry - impending disaster from interest only loans, the aussie subprime soon to happen

[macduffy]

ANZ on NZX down 3c today, up 3c where it really matters, on ASX. Dare one suggest (hope?) that the downgrades have now been largely digested by the markets?

[BlackPeter]

ANZ on NZX down 3c today, up 3c where it really matters, on ASX. Dare one suggest (hope?) that the downgrades have now been largely digested by the markets?

I wouldn't know whether the downgrades have been digested by the markets or not ... but the old wisdom is to be careful with a stock below the MA200. I sold out of my ANZ shares and plan to enjoy the spectacle from the sidelines ...

[winner69]

only 240m? how much did they make 2.9b? so less than 1% 'actual' impact, yet the share price of ANZ fell how much this month? nearly 15% or something? (mostly due to the budget tax I believe)
(Made a mistake... actually 8 ish %)

The $2.9b was for H1 only - the $240m levy is annual

So much less than the corrected 8% impact

[peat]

yeh, a 5.7 billion annual profit so an estimated 245m levy is pretty insignificant. especially as folks say, it will be passed on to customers.
its all those assets that are the problem huh? $1,154b of them according to a back of the envelope calculation. return on those is pretty abysmal. wouldnt take much of a % loss in those to smash that profit.

discl no holding.

[peat]

Statement to shareholders https://www.nzx.com/files/attachments/258875.pdf

ends with

ANZ is well positioned to continue delivering for shareholders and all our other stakeholders.