ANZ.NZX - Anyone holding?

[Nasi Goreng]

I thought it was just because they are giving a Q3 trading update at 11.30am.

[trader_jackson]

Oh yes this is probably it... buying Heartland will be in the future, probably when it is closer to $3-4 a share

[Corleone]

Newbie here and... total mook learning much from the forum and very grateful to have found it. I have been hoping ANZ dipped below 33 again since it got close a few months ago. Im a novice investor and have taken a bath when following my brokers advice (my fault also didnt do my own research, didnt follow the market when overseas for many years), now I usually make small plays of around 5K, but the ANZ price neccesitates a much larger spend. Opinions very welcomed on whether now is a good time to buy.

[percy]

Newbie here and... total mook learning much from the forum and very grateful to have found it. I have been hoping ANZ dipped below 33 again since it got close a few months ago. Im a novice investor and have taken a bath when following my brokers advice (my fault also didnt do my own research, didnt follow the market when overseas for many years), now I usually make small plays of around 5K, but the ANZ price neccesitates a much larger spend. Opinions very welcomed on whether now is a good time to buy.

Welcome Corleone.
This is a chat site where we share our thoughts.None of us are financial advisers.So you can get ideas from posters,but acting on what is posted, could cost you a lot of money.You must do your own research.Just take your time working out who knows what they are talking about.t.

[Corleone]

Thanx for the welcome Percy, I know its informal banter on the forum and some posters have specialised areas and some are serial rampers if they are holders etc. I have been doing some ANZ research the last 2 days (reading financial op ed pieces). Seems half think its a great time to buy and half say tread very carefully.

[macduffy]

I thought it was just because they are giving a Q3 trading update at 11.30am.

Yes, that's it.

http://www.asx.com.au/asxpdf/2015081...s6v5652863.pdf

[macduffy]

Newbie here and... total mook learning much from the forum and very grateful to have found it. I have been hoping ANZ dipped below 33 again since it got close a few months ago. Im a novice investor and have taken a bath when following my brokers advice (my fault also didnt do my own research, didnt follow the market when overseas for many years), now I usually make small plays of around 5K, but the ANZ price neccesitates a much larger spend. Opinions very welcomed on whether now is a good time to buy.

Percy's on the money there, Corleone!

You'll be aware that ANZ are raising additional capital, partly through a Share Purchase Plan whereby shareholders get to apply for up to $15,000 worth of shares, subject to scaling in the event of oversubscription. The issue has already gone "ex" so purchases on market now won't qualify. The issue price will be the lesser of $A30.95 or the weighted average market price over the 5 days prior to the issue closing in early Sept, less a small discount, 2% from memory. The current market price is less than $A30.95 and there is a theory that buyers will keep it that way to depress the issue price. Maybe, maybe not. Just a point to bear in mind if weighing whether or not now is a good time to buy.

[Bjauck]

I am a long time holder of ANZ shares and remain in two minds as to whether I will participate in the SPP.

From memory, the last SPP in 2009 (height of the credit crunch) was at about $AU14. That had something like 45% of retail shareholders taking up the maximum amount ($15000). I am not so sure that this SPP will be so popular as I am not so certain that the share price is at such a nadir. DYOR.

[macduffy]

Comment on yesterday's trading update.

http://www.sharecafe.com.au/sharecafe.asp?a=AV&ai=36102

[Nasi Goreng]

I'm warming to the idea of the capital raise. The more the SP falls, the warmer I am getting. If SP remains suppressed and 2% discount can get price around $28, I think I will buy in.