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$39.87 national australia bank limited

NAB, Banks and Looming Mortgage Crisis, page-42

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AlexT

509 Posts.

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19/02/19

11:26

Post #: 37482400
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Originally posted by ozblue: ↑

@sircorp ........." It will not going any where till ........."

If you look at a 30 year chart of any of the big 4 banks, they never go sideways for long. It is a whole series of peaks and troughs. IMHO once the market has settled down the banks will creep up in SP, because the downwards movement over the last 4 years has been overdone.

I personally don't care as I bought when the SP was above 11.5% FF basis. All NAB has to do is maintain around the current dividend in the outlook and the SP is likely to start reacting upwards.
After a couple of years with property just going sideways, investors will be looking for higher rates of return (assuming IR stay around the same low levels), the 11%+ FF dividend will gradually fall as people look for 'value' in shares. Only when the FF dividend lowers to 6-8% would I start to get worried that the SP was too high.
It is a cycle that has happened for decades, I'm certainly not prepared to bet that this time is different.

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I'm using NAB for the div too but MACD on 3,10,6 yesterday was potentially indicating a turnaround - so far looking good.

NAB Price at posting: $24.55 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $39.87		Change 0.360(0.91%)		Mkt cap ! $121.6B

Open	High	Low	Value	Volume
$39.75	$39.93	$39.70	$94.29M	2.416M

Buyers (Bids)

No.	Vol.	Price($)
25	1999	$39.86

Sellers (Offers)

Price($)	Vol.	No.
$39.88	2921	12

View Market Depth

No.	Vol.	Price($)
2	42734	25.100
6	30764	25.090
4	63344	25.080
2	25473	25.070
2	21208	25.060

Price($)	Vol.	No.
25.120	1100	1
25.130	13011	2
25.140	3202	3
25.150	25000	1
25.160	50005	3

Last trade - 12.40pm 22/11/2024 (20 minute delay)

NAB (ASX) Chart