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ANZ - ANZ Banking Group

Discussion in 'Stocks 0-H' started by markrmau, Apr 27, 2005.

  1. markrmau

    markrmau

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    Price action this morning (only 20mins into morning) indicates that results are well received.

    Barring any dramatic sell off towards end of day, it *might* be a good one to buy at close and hang onto for a few days.

    Please do own research etc.
     
  2. Fung

    Fung Beginner

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    Any comments on this?
    Seems like there are steady growth but no as stock as CBA and NAB
     
  3. Fab

    Fab

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    ANZ

    I am thinking to get some warrant on ANZ as I believe that ANZ result on thursday should be good and share price will keep rising until dividend date.
    My only worry is if on wednesday CPI is above average and interest rate are forecast to rise which I believe might stop ANZ rise. Am I reading correctly or is there something I am missing
     
  4. bingk6

    bingk6

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    Re: ANZ

    Hi Fab,

    I agree with you that ANZ's result is likely to be good. However, I have noticed with a lot of blue chip stocks that even if the results are good (at or slightly above analyst positions), the stocks tend to get sold off a bit at result release, mainly because the good news has already been factored into the share price. Just be a bit careful about assuming continued SP strength after a good results report. Unless offcourse the result is an absolute bolter, in which case your assumption can be correct. Unlikely though for a banking stock.

    Just my :2twocents
     
  5. deftfear

    deftfear

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    I had thoughts about doing something similar for ANZ's last dividend, but just bought some shares outright which ended up saving me a lot of money. The examples they have on the asx look great if the price is going up, but if it goes down you are in for a much larger capital loss as well.

    They released great results, but got dragged down in the market downturn and maybe a bit more due to the increase in interest rates. The share price dropped a fair bit and the dividend received nowhere near covered the capital loss.

    I'm not even looking at any of the banks for dividends at the moment as the probability of a rate rise puts a bit too much uncertaintity in their share price for my liking.
     
  6. Fab

    Fab

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    I bought some ANZIMT. results have been just released, I have not read them but they must be good as the share price is jumping :)
     
  7. Fab

    Fab

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    Rate rise almost certain now and ANZ has hardly moved. Pretty good sign. Next is their annual results annoucement tomorrow which is expected to be good. Looks to me that this one might keep running at least until dividend payment that is why I bought today ANZIMT :) :) :)
     
  8. Fab

    Fab

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    Record profit and us interest rate kept unchanged should push this one up :)
     
  9. Fab

    Fab

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    - 4% that looks a bit too much for an ex - dividend date. I expected it to go back up soon :banghead:
     
  10. scsl

    scsl

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    I said on another thread last night that ANZ was looking really overbought and that I was holding back on shorting it with CFDs. And what do you know, it plummets today! :mad: The dividend amount is 69 cents, but ANZ managed to be down 128 cents (over 4%) in the last 10 minutes of trade.
     
  11. alie

    alie

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    Any more discussions on ANZ?

    I was considering investing in one of the banks and WBC and ANZ are the cheapest options at the moment.
     
  12. patrick

    patrick

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    Your moneys very safe in any of them ANZ and WBC are the cheapest but NAB to me seems to be at a reletively good price atm i feel CBA is a bit high at the moment.

    Iv held WBC for a number of years (about 10) now and they have been and continue to be a great long term investment with good dividends same as any of the top 4 banks. Im about to buy some NAB with my marginal loan but was considering ANZ.

    They all do such similar things its hard to pick between them the prob the only reason i chose NAB over ANZ is because there UK operations are starting to pick up but like i say they are all so similar and safe and from my experience any of would be a gd long term investment.

    hope this helps

    cheers
     
  13. GreatPig

    GreatPig Pigs In Space

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    I picked up some recently based on a few technical indicators:

    - The bullish RSI divergence in early June.

    - The rounding bottom pattern through June.

    - The breakout above the recent downtrend line a week or so ago.

    - The current uptrend has been in place since mid-2004 and this action through June has been the lowest it's been below the trend line in relative terms, except perhaps for a brief dip in July last year, so it's just coming out of over-sold territory on the RSI. This indicates to me that unless it's about to go into a complete change of trend, it's more likely to pick back up soon.

    - Finally, I'm not big on volume indications, but the red candle on 29th June had nearly double the 100 day EMA of volume and closed way off the low. However, the next day had a bit above average volume as well and closed down near the low, so I'm not sure if that cancels the previous day's good indication or not.

    Anyway, that's enough indications for me. My nickname may be "Trend-breaker", but is my influence really strong enough to negate that many positive indications? :D

    Cheers,
    GP
     

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  14. GreatPig

    GreatPig Pigs In Space

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    Well so much for all the effort that went into that analysis... :eek:

    Out yesterday at $28.43

    Cheers,
    GP
     

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  15. UMike

    UMike Captain Klutz

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    Really!!!!

    I bought a small parcel $28.25. I'm beginning to tire of trading potentially daily.
    Along with a fully franked 5%+ dividend the sp should be a long term improver imo.
     
  16. brettc4

    brettc4

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    John McFarlane who will shortly be leaving (tomorrow) was on Lateline Business tonight and they were talking about the move into Asia and the possibility of the 4 Pillars policy being removed. He believes that the 4 pillars policy may be removed in the not to distant future and may be sped up if a foriegn company buys one of the smaller banks.

    He also talked about the big banks in Singapore being the same size as the Big 4 here, and the Chinese companies now being the biggest.

    I have 2 quesitons for you:

    1) Do you think the ANZ move into Asia will be succesful

    2) Do you think the 4 Pillar Policy will be removed and if so, who would buy who?

    Brett
    (For disclosure reasons, I own shares in ANZ)
     
  17. Kauri

    Kauri E/W Learner

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    ANZ caught my attention yesterday, although it booked a lower close than the previous day it was quite an impressive performance in a generally bad day. Managed it on good volume to boot. (From memory the profit ann. is due any day now?)
    Cheers
    ..........Kauri
     

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  18. deep_is_blue

    deep_is_blue

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    pretty sure the profit announcement is locked in for Thursday... although it could be pushed back.
    Got onto these shares at $13 back in the day, quite happy now :)
     
  19. Julia

    Julia In Memoriam

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    This has been one of my long term holds but unless the profit announcement has some positive result on the SP I'll be selling half my holding. The SP performance over this last year has been underwhelming to say the least.
     
  20. dhukka

    dhukka

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    Disappointed on the back of higher provisions for credit losses which was flagged at the half yearly. Still, quite a jump in provisions. It will be interesting to see how NAB and WBC have performed in this environment.
     

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