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23-05-2017, 09:16 AM
#501
Originally Posted by trader_jackson
only 240m? how much did they make 2.9b? so less than 1% 'actual' impact, yet the share price of ANZ fell how much this month? nearly 15% or something? (mostly due to the budget tax I believe)
Calculator / abacus need new batteries t_j?
”When investors are euphoric, they are incapable of recognising euphoria itself “
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23-05-2017, 09:22 AM
#502
Customers will cover this - higher mortgage rates and lower deposit rates etc
And the average Aussie thinks the banks are getting their comeuppance - when they themselves are the victims
”When investors are euphoric, they are incapable of recognising euphoria itself “
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23-05-2017, 09:35 AM
#503
Originally Posted by BlackPeter
might want to refresh your calculus lessons ...
240 m would be roughly 8.3% of 2.9 b, quite a significant take.
Yes, my apologies, you are quite right... so this accounts for about half the fall, where was the other half?
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23-05-2017, 09:46 AM
#504
Originally Posted by trader_jackson
Yes, my apologies, you are quite right... so this accounts for about half the fall, where was the other half?
New Levy + Australia-wide Banking downgrade + Australian Housing debt = lots of negative vibes
S&P cites risk of sharp correction in property prices as it cuts 23 lenders' ratings
http://www.smh.com.au/business/banki...22-gwa6pd.html
Moody's say Australian bank performance steady, but latent risks rising in household sector
http://www.reuters.com/article/brief...-idUSFWN1IJ00L
Fitch: Australia Budget Negative for Banks but Impact Manageable
http://www.reuters.com/article/fitch...-idUSFit998955
Last edited by Bjauck; 23-05-2017 at 09:59 AM.
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23-05-2017, 10:23 AM
#505
Originally Posted by trader_jackson
Yes, my apologies, you are quite right... so this accounts for about half the fall, where was the other half?
The wall of worry - impending disaster from interest only loans, the aussie subprime soon to happen
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23-05-2017, 01:00 PM
#506
ANZ on NZX down 3c today, up 3c where it really matters, on ASX. Dare one suggest (hope?) that the downgrades have now been largely digested by the markets?
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23-05-2017, 03:17 PM
#507
Originally Posted by macduffy
ANZ on NZX down 3c today, up 3c where it really matters, on ASX. Dare one suggest (hope?) that the downgrades have now been largely digested by the markets?
I wouldn't know whether the downgrades have been digested by the markets or not ... but the old wisdom is to be careful with a stock below the MA200. I sold out of my ANZ shares and plan to enjoy the spectacle from the sidelines ...
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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23-05-2017, 03:35 PM
#508
Originally Posted by trader_jackson
only 240m? how much did they make 2.9b? so less than 1% 'actual' impact, yet the share price of ANZ fell how much this month? nearly 15% or something? (mostly due to the budget tax I believe)
(Made a mistake... actually 8 ish %)
The $2.9b was for H1 only - the $240m levy is annual
So much less than the corrected 8% impact
”When investors are euphoric, they are incapable of recognising euphoria itself “
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23-05-2017, 08:20 PM
#509
yeh, a 5.7 billion annual profit so an estimated 245m levy is pretty insignificant. especially as folks say, it will be passed on to customers.
its all those assets that are the problem huh? $1,154b of them according to a back of the envelope calculation. return on those is pretty abysmal. wouldnt take much of a % loss in those to smash that profit.
discl no holding.
For clarity, nothing I say is advice....
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26-05-2017, 08:51 AM
#510
Statement to shareholders https://www.nzx.com/files/attachments/258875.pdf
ends with
ANZ is well positioned to continue delivering for shareholders and all our other stakeholders.
For clarity, nothing I say is advice....
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