ANZ.NZX - Anyone holding?

[Cyclical]

Morningstar's revised guidance dated 30/4 for the Aussie listing is AUD$25, accumulate.

"With our longer-term forecasts largely unchanged, the changes are not material enough to move our AUD 25 FVE. We believe the bank remains undervalued, trading at a 32% discount to our fair value."

[nztx]

Maybe things are a bit tight. I notice they've started charging me a $5 monthly account fee as of the end of April.
It wasn't so long ago that BNZ dropped their monthly $5 charge. I wonder if that will be reintroduced?

There's been quite a long running chapter of these sort of charges being refined & whacked upwards by ANZ ..
On a commercial account I remember less than $4, then $4 monthly fee - paper statements got knocked back to 6 monthly - but no change in fees
More recently, base fee got whacked up to $8.50 pm on pretence of increased free transactions - a huge increase for no extra
service rendered for some low transaction accounts ...

As I have always thought - show me a bank that is not for very long behind the eight ball .. Banks are goldmines
ANZ is no different & IMO potentially a good buy ATM for mid to longer term, and looks better of the two Aussie
banking outfits listed on NZX

[Tomtom]

Morningstar's revised guidance dated 30/4 for the Aussie listing is AUD$25, accumulate.

"With our longer-term forecasts largely unchanged, the changes are not material enough to move our AUD 25 FVE. We believe the bank remains undervalued, trading at a 32% discount to our fair value."

A Morningstar recommendation to buy? Ominous news for us shareholders.

[Cyclical]

A Morningstar recommendation to buy? Ominous news for us shareholders.

Oh really? Guess I'm not up to play with their track record, will flick them (the shares) off tomorrow

[dabsman]

I've been buying ANZ and WBC around $16 to $18. I think the easiest money to be made in the next 2 years. Pity there wont be a DRP in these low prices too. I am nowhere near as bearish as many and I think all the downside is factored in now at these prices. Who knows but I'm happy to park money here. $20 ex divvy end of year I'm picking easy

[Cyclical]

I've been buying ANZ and WBC around $16 to $18. I think the easiest money to be made in the next 2 years. Pity there wont be a DRP in these low prices too. I am nowhere near as bearish as many and I think all the downside is factored in now at these prices. Who knows but I'm happy to park money here. $20 ex divvy end of year I'm picking easy

I'm thinking along similar lines. Doesn't hurt to have some in a diversified portfolio. The downside is already factored in you'd think, and if not, I'll DCA as we go, assuming the troubles don't get completely out of hand.

[Biscuit]

I've been buying ANZ and WBC around $16 to $18. I think the easiest money to be made in the next 2 years.

In 2009 I bought in at around $19 thinking they were well undervalued (they probably were) and now here we are 10 years later back under that level. I also have bought a few more around $16 as they will survive and eventually bounce back up as the economies pick up. Could be a few years before all the bad debt is worked through and it could be a rough couple of years for both the business and the share price.

[dabsman]

In 2009 I bought in at around $19 thinking they were well undervalued (they probably were) and now here we are 10 years later back under that level. I also have bought a few more around $16 as they will survive and eventually bounce back up as the economies pick up. Could be a few years before all the bad debt is worked through and it could be a rough couple of years for both the business and the share price.

You would have doubled your holding if you had DRP approx?

[Cyclical]

Noob question time... Why do we see this? Is it some kind of manipulation to keep the price in a tight range and try build some support? Or am I reading too much into it?

Attachment 11488

On second thoughts, you'd have stuff all chance of manipulation with this stock on the NZX anyway I guess.

[Biscuit]

You would have doubled your holding if you had DRP approx?

Probably, it is a good dividend stock and I like getting dividends. But the dividend was better spent elsewhere. In the same time-frame, many NZ growth stocks have far, far exceeded ANZ's return. Ita a good dividend stock - I take the dividend.