ANZ.NZX - Anyone holding?

[winner69]

Several reasons here:

All the Aussie banks are a bit weaker than they were a couple of months ago. The usual reasons - SP's getting a bit rich; Aussie economy looking weaker; worries about an overheated property market; tougher capital adequacy rules may cause banks to cut/restrain divs to conserve capital, etc There's always a reason for some commentators to warn that the banks "good times" are coming to an end!

There was a strong uptrend in the period prior to ANZ going ex div. 91cps.

Disc: I've been accumulating the Aussie banks for over 25 years. Have an average cost for ANZ of around $5. Not selling at this stage.

Good story Mcduffy ....testament to the theory it's better to own the bank than put you money in it


Like you I've had ANZ for years, since last century. I don't even count them in my share portfolio, rather as just a long term deposit.

The strong NZD hasn't helped mani over the last month or so either.