ANZ.NZX - Anyone holding?

[macduffy]

Yes... 1/2 year announcement is tomorrow. Although the SP fell 4.2% today but I thought the volume was really small.

Don't be blindsided by trading volumes on the NZX. ANZ shares listed and traded here are a fraction of the total - around 1.7m traded yesterday in Oz, about an average day's volume. Although Westpac's result looked reasonably ok - to me at least - the market obviously expected better and is now expecting similar lacklustre numbers from ANZ.

[sideline]

Don't be blindsided by trading volumes on the NZX. ANZ shares listed and traded here are a fraction of the total - around 1.7m traded yesterday in Oz, about an average day's volume. Although Westpac's result looked reasonably ok - to me at least - the market obviously expected better and is now expecting similar lacklustre numbers from ANZ.

And they got lacklustre numbers: profit down 4% (down 22% with special charges). Dividend down 7%. Where will the SP be in a few weeks time??

[sb9]

And they got lacklustre numbers: profit down 4% (down 22% with special charges). Dividend down 7%. Where will the SP be in a few weeks time??

Expect bit of shake up when ASX opens, that coupled with RBA's rate decision makes an interesting day for them.

[winner69]

A shocker really

The global funds who are short aussie banks must be rejoicing

[sideline]

Interesting price action on the NZX - what do you make of it?

[stoploss]

I see in the SMH business section an analyst from UBS is predicting more bad debt provisioning. The good news is, he doesn't think dividends will be cut.

ANZ's divided is a monster at the current price. Sure it has modest imputation credits but it's so juicy who cares.

Looks like he got that one wrong ......

[Bobdn]

Sadly, yes. Trying to look on the bright side...at least AIR has increased today.

[macduffy]

Sadly, yes. Trying to look on the bright side...at least AIR has increased today.

Even better, ANZ's shareprice is up strongly in Aust - and NZ. Market was obviously expecting a much worse result.

[babymonster]

not sure why.. maybe it's RBA rate decision leaking out? all the major banks are up today so far

[macduffy]

not sure why.. maybe it's RBA rate decision leaking out? all the major banks are up today so far

The market in all bank shares generally reacts to each result. After all, it is the best indication of business conditions in the Australian banking industry - which affects them all.