ANZ.NZX - Anyone holding?

[Joshuatree]

Have a read of KW's Big Short thread

[Lewylewylewy]

Thanks. Essentially the banks look like there's no room to grow, despite performing well and also there are fears they could drop...

But it sure does look like a good buy at the moment, at least in terms or a long term investment imo

[huxley]

Don't worry Morningstar still rates it a buy

[Bobdn]

Can anyone explain the sudden drop today? There was upwards preasure that suddenly reversed.

Is that just a response to the NZD?

If you're in the DRP it's not all bad news, infact the lower the better for the 10 days from 13 November.

The Acquisition Price to be used in determining the number of shares to be provided under the DRP and BOP in connection with the 2015 Final Dividend will be the arithmetic average of the daily volume weighted average sale price of all fully paid ANZ ordinary shares sold on the ASX during the ten trading days commencing 13 November 2015, and then rounded to the nearest whole cent. - See more at: https://www.shareholder.anz.com/page....RUkgu4x2.dpuf

[Lewylewylewy]

Don't worry Morningstar still rates it a buy

tbh, I usually do the opposite of what morningstar says...

[Baa_Baa]

tbh, I usually do the opposite of what morningstar says...

Sometimes though you have to look through the recommendation to see relevance, ANZ's SP has declined to an almost 3 year low which is also the price highs going back to 2009 after the recovery from the GFC. Some might think that's good buying, but even then it's a falling knife with no obvious fundamental price support amidst increasing headwinds for the Aus Banking sector.

[macduffy]

It's not just the banks though. BHP hit a 6 year low today and the ASX "lost" $27b in the day! Commentators are blaming the failure of the RBA to lower interest rates coupled with the prospect of higher USD rates.

[Baa_Baa]

It's not just the banks though. BHP hit a 6 year low today and the ASX "lost" $27b in the day! Commentators are blaming the failure of the RBA to lower interest rates coupled with the prospect of higher USD rates.

Yes! the ASX is getting hammered, it's the worst performing bourse. I wonder why, not, it's exposures to key sector weaknesses are alarming and a delayed GFC effect seems to be taking a firm grip.

[Lewylewylewy]

I just feel like there must be some good long term investments there, or at least some diverse investing...

[huxley]

Morningstar jokes aside I'm very tempted to start purchasing if it keeps falling