Yesssss Weeelll..
Lets see it reminds of Danny Carvey doing Jimmy Stewart.
https://www.youtube.com/watch?v=axZj8noY0fo
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Yesssss Weeelll..
Lets see it reminds of Danny Carvey doing Jimmy Stewart.
https://www.youtube.com/watch?v=axZj8noY0fo
Why is Westpac in some kind of free fall? I'm a Newbie but thought this was a safe bet, was up 25% a few months ago, now in the red 😐 Good time to buy more?
They have a lot of work to do to rebuild investor confidence after being badly exposed to mal practise. It will take a bit of time for the market to trust this brand. Price should stay down for a while one hopes until NIM build later next year.
Yes I went in on this share yesterday. Looking back over the past 5 years the share price trend has been generally downward. WBC has not had the best risk management processes over the years - some may remember Lane Walker Rudkins shambles. This must reflect on the management. However the share price seems low so may be worth a punt. Still it is a cheap ozzie bank and pays dividends so I am banking (sorry for the pun) on an upside.
WBC have lost 3 out of 3 at least class actions by Law Firms and Financiers on a no win ho fee basis for the mal practise issues exposed by the Royal Commissioner into banking
Another is in process on behalf of shareholders in respect of failures in communication, risk management and anti money laundering processes.
After todays efforts, hopefully the chart trend is changing upwards. Morningstar has it as a buy....