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NAB, NATIONAL AUSTRALIA BANK LIMITED
blacksheep
post Posted: Feb 8 2019, 03:15 PM
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In Reply To: nipper's post @ Feb 8 2019, 03:07 PM

You're welcome. Thought it was a nice tribute to Henry. He had my respect, although I believe he didn't portray himself well at the RC - great pity, great loss to the industry and I'm sure if he had his time again he would have acted differently.



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Feb 8 2019, 03:07 PM
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In Reply To: blacksheep's post @ Feb 8 2019, 02:15 PM

Thank for sharing this.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Feb 8 2019, 02:15 PM
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In Reply To: blacksheep's post @ Feb 7 2019, 08:32 PM

John Hemptons thoughts on the resignations

A quick note on the resignations at the top of National Australia Bank
https://brontecapital.blogspot.com/2019/02/...f.html?spref=tw



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: nipper  
 
blacksheep
post Posted: Feb 7 2019, 08:32 PM
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Announced after market closed. Will be interesting to see how market reacts tomorrow

QUOTE
CEO and Chairman to leave NAB
National Australia Bank Chief Executive Officer Andrew Thorburn and Chairman Dr Ken Henry today advised
they would leave the bank.

The NAB Board will initiate a global search process for the CEO role while actively considering a range of
quality internal candidates.

Mr Thorburn will finish at NAB on 28 February 2019.

Dr Henry indicated he would retire from the Board once a new permanent CEO had been appointed.

The Board has asked Philip Chronican, a current NAB Director with extensive domestic banking experience,
to serve as acting CEO effective 1 March (subject to relevant regulatory approvals) until a permanent
appointment is made
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Total short positions as at 1/2/19 = 0.63%
https://www.shortman.com.au/stock?q=nab
Attached thumbnail(s)
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 8 2018, 03:11 PM
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Schedule
Review of the Four Major Banks (Fourth Hearings)
PUBLIC HEARING
Thursday 11 October 2018
9.15 am Commonwealth Bank of Australia
1.15 pm Westpac

Friday 12 October 2018
9.15 am Australia and New Zealand Banking Group Limited

Friday 19 October 2018
9.15 am National Australia Bank

https://www.aph.gov.au/Parliamentary_Busine...Public_Hearings




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 15 2018, 10:27 PM
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In Reply To: blacksheep's post @ May 3 2018, 10:28 AM

QUOTE
Brokers unruffled by banking royal commission
Going by Bloomberg consensus recommendations, NAB is the most popular, with a consensus "buy" call, followed by ANZ (just shy of a buy), followed by Westpac with a solid "hold" rating. CBA ranks last of the four, barely scraping buy with a hold.


Wonder if the brokers are getting a little ruffled now biggrin.gif
Banking royal commission releases ASIC report accusing NAB of breaking the law
QUOTE
The report carries a blunt warning that NAB's failings "demand a significant regulatory response".

http://www.abc.net.au/news/2018-08-15/bank...ection=business
https://www.shortman.com.au/stock?q=nab
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


rog
post Posted: May 3 2018, 07:04 PM
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In Reply To: blacksheep's post @ May 3 2018, 10:28 AM

I'm glad the banks are getting out of this nonsense, nothing worse than having to watch an obviously overweight CEO on the TV rambling on about "organic growth". All this vertical integration has been testing my vertigo.



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With money in your pocket you are wise, you are handsome, and you sing well too.

Said 'Thanks' for this post: ignoramus  blacksheep  
 
blacksheep
post Posted: May 3 2018, 10:28 AM
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NAB to offload wealth business MLC as profit slips
extract

QUOTE
National Australia Bank is set to offload its wealth business MLC, which includes financial advice, superannuation and funds management, as the major banks' exodus from the wealth sector continues.

In its half-year results Thursday, NAB said it was looking to sell the businesses by the end of 2019 through a sharemarket float and demerger, or possible trade sale. It will keep the JB Were and nabtrade businesses

NAB had already previously sold 80 per cent of its life insurance arm to Nippon Life.
NAB also reported first-half cash earnings of $3.3 billion, a 0.2 per cent decline compared with last year, excluding one-off restructuring costs. Cash profit fell 16 per cent when restructuring costs were included.

https://www.theage.com.au/

AFR article - Brokers unruffled by banking royal commission
QUOTE
Going by Bloomberg consensus recommendations, NAB is the most popular, with a consensus "buy" call, followed by ANZ (just shy of a buy), followed by Westpac with a solid "hold" rating. CBA ranks last of the four, barely scraping buy with a hold.

Attached Image


http://www.afr.com/markets/brokers-unruffl...20180502-h0zjns

https://www.shortman.com.au/stock?q=nab
SP currently down 1.52% @ $29.13



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
ignoramus
post Posted: May 1 2018, 11:47 AM
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NAB seems to have suffered the least harm so far from the Royal Commission with AMP facing a horror story that has been in the works since near the beginning of their demutualisation. NAB will hopefully, from my prospective, rebound and move up to above $30 a share. NAB is now trading at $29.35

 
ignoramus
post Posted: Apr 13 2018, 02:18 PM
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NAB has closed down 17 days out of the last 22 trading days. From $30.40 to a low of $28.47 today. Should have purchased some Put Warrants but never though it would drop so fast or as much.

 
 


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