ANZ.NZX - Anyone holding?

[macduffy]

Yes, I'd probably settle for $28 too. The problem is that the final price won't be known until after the issue closes.

[2mac]

Is anyone holding? I'm already down 6% it just keeps going down

[theace]

Wondering what a good entry point will be? .... or will the decline be in for a while, and best to stay away!

[macduffy]

Wondering what a good entry point will be? .... or will the decline be in for a while, and best to stay away!

I'd expect the SP to remain around these levels until the SPP has closed, subject of course to what world market gyrations may throw at local markets in the meantime!

[Nasi Goreng]

Wondering what a good entry point will be? .... or will the decline be in for a while, and best to stay away!

All I can tell you is, today is a better entry point than it was 2 weeks ago. Apart from that, I don't think anyone knows.

I'm holding and considering the capital raise.

[Beagle]

Technically its looks broken with a clear break well below the 200 day MA. Fundamentally its starting to look like a value play but I can't help but wonder if the tide isn't turning. Losses from their exposure to small miners could be substantial. PE is currently 10.5 which looks cheap but a guy I know holds HSBC and that's on a PE of 7.5 and has been going down steadily for two years Oversold or value trap ?, you be the judge. Disc: I don't hold.

[macduffy]

I can't see the SPP failing. It's for $.5b, at a price which will be lower, in all probability, than the $2.5b raised in the institutional placement which was at $30.95. If it's not, it will mean that the shareprice has recovered to the placement price!

1 September is the first of 8 trading days over which the SPP price will be calculated. ( weighted average sale price over this period minus 2%).

[BlackCross]

Technically its looks broken with a clear break well below the 200 day MA. Fundamentally its starting to look like a value play but I can't help but wonder if the tide isn't turning. Losses from their exposure to small miners could be substantial. PE is currently 10.5 which looks cheap but a guy I know holds HSBC and that's on a PE of 7.5 and has been going down steadily for two years Oversold or value trap ?, you be the judge. Disc: I don't hold.

Not just HSBC but Standard Chartered ,the other UK bank with major interests in the Far East, which has fallen even faster and further. Not surprising really when you read some of the scare stories regarding China and other EMs which are being published in the UK. Try http://ftalphaville.ft.com/ and the FT itself.

Personally I don't see how the Aussie banks can be immune.

[macduffy]

Not specifically ANZ but a comment on the Aussie banks generally and on the recent trend there for yields on leading "income" stocks to converge around the 4-4.5% mark.

https://www.livewiremarkets.com/wire...eid=9f402457b0

[Winston001]

Now at $26.86. I'm thinking of passing up the share issue and buying on the market.