ANZ.NZX - Anyone holding?

[Waltzing]

Sell off continues really "Emphasise" the economic mood of the south pacific..

or is the sell off also driven by the US earning season to come...

steady selling...

[Sideshow Bob]

Acquisition and Equity Raising Investor Pack - NZX, New Zealand’s Exchange

Buying Suncorp.

[Rawz]

1.3x NTA. Thats pretty good

[Waltzing]

well hopefully share holders are happy with the offer price.

no over subscription on this one.

[Waltzing]

NO MYOB deal but suncorp up 6% today

what effect could a recession have on the price of this deal.

either way its a big deal...

Bank mergers in AUS up next?

US banks surging it look all green for this sector ...

[Nor]

Four months ago they announced the completion of a buyback in which they bought back A$1.5 billion worth of shares at A$27.70 average. Seems stupid.

[Waltzing]

a world ago ....all new world and market... until the next global crisis..

ANZ might need to put some money into sun corps tech stack?

expected lower SP when trading restarts from commentator's

going to be interesting to see if they can keep up the DIV in the next 2 years.

[Nor]

I can't even see the dots let alone connect them.

[Waltzing]

The regional banks have old tech stacks that mean NTA could be lower if CAP EX goes up a lot after mergers and take overs...

They can capitalise some of it though. The DIV's for aussi banks and NZ banks could come under pressure depending on capital ratio requirements.

In NZ that means T1 at some stage goes to a HUGE 16%. At least that the story before the virus hit and it was delayed.

That doesnt include the pressure from the like of the NZ prudential board to cover TD's with an extra layer of insurance schemes.

All of which means DIV's come under the spot light.

ANZ would be looking to release capital from NZ but that might not happen if the RBNZ goes though with its new T1 ranges.

Profits to the parents in AUS would come under more pressure with NZ banks being required to hold more capital in reserve.

[Rawz]

Waltzing I’m pretty sure ALL the banks run old tech lol. That’s my experience anyway

This is why these new fintechs on the block are so interesting..