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Thread: WBC - Westpac

  1. #121
    IMO
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    Quote Originally Posted by airedale View Post
    Hi Josh, I am reminded of a quote from Jesse livermore "if you buy on Smith,s tip, then you should sell on Smith,s tip.
    My Mr Smith has buy tip on WBC . But thanks for your tip.
    Try a few years then,

  2. #122
    Advanced Member airedale's Avatar
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    Thanks Josh, the facts have changed so I am able to change my mind. I was lucky enough to sell my holding yesterday intending to buy back in at the SPP. I will let the dust settle before my next move. Perhaps in a few years🤔
    Last edited by airedale; 20-11-2019 at 08:03 PM.

  3. #123
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    And there she blows, you can get your WBC shares now at a significant discount to the SPP price.

    This article raises an interesting point about the institutions that have already tipped in billions to hoover up the "cheap" shares though the SPP. I wonder if they will ask for their money back?

    https://au.finance.yahoo.com/news/au...222812694.html
    Last edited by Bobdn; 21-11-2019 at 11:47 AM.

  4. #124
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    Quote Originally Posted by Bobdn View Post
    And there she blows, you can get your WBC shares now at a significant discount to the SPP price.

    This article raises an interesting point about the institutions that have already tipped in billions to hoover up the "cheap" shares though the SPP. I wonder if they will ask for their money back?

    https://au.finance.yahoo.com/news/au...222812694.html
    Good article, thanks for sharing.

  5. #125
    percy
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    I note WBC's share price is back to where it was 10 years ago.

  6. #126
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    big cleanout today. They do seem to be taking the issues raised seriously
    Or am I being naive.
    But seriously, does anyone think this will affect profitability in the medium term.
    Hard to slow down a juggernaut
    For clarity, nothing I say is advice....

  7. #127
    percy
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    A lot more shares on issue will affect ratios.
    Could see all the extra capital raised paying a fine.
    It will be an incredible fine running into billions.
    Then WBC will need to come back for more capital,which will lead to more shares being issued ,and ratios again being affected.
    Note WBC's [nz] share price is lower today than it was 10 years ago.
    Take care.
    Last edited by percy; 26-11-2019 at 11:47 AM.

  8. #128
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    Quote Originally Posted by peat View Post
    big cleanout today. They do seem to be taking the issues raised seriously
    Or am I being naive.
    But seriously, does anyone think this will affect profitability in the medium term.
    Hard to slow down a juggernaut
    Yes....a bit of a different response compared to Prince Andrews......yes I know....not really apples with apples.

  9. #129
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    ABC"s comment:

    https://www.abc.net.au/news/2019-11-...tions/11738642

    I take your point, percy, but confess that I'm tempted. Remember Westpac's lending crisis of the late 80's/early 90's when they were forced into a heavily discounted rights issue? Fortunes were made then...…….

  10. #130
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    There was a $16 cap raise in 2009 during GFC
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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