Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

70 Pages (Click to Jump) V  < 1 2 3 4 5 6 > »    
 
  
Reply to this topic

NAB, NATIONAL AUSTRALIA BANK LIMITED
nipper
post Posted: Oct 28 2016, 03:13 PM
  Quote Post


Posts: 5,383
Thanks: 1960


In Reply To: early birds's post @ Oct 28 2016, 09:09 AM

good take for NAB vs. the others(they're all down)
QUOTE
Clearly, interest rates matter for equity markets and a steepening yield curve is generally viewed as a good omen for the economy and there is no doubt that the yield play has driven the outperformance of 'growth' over 'value' and 'defensives' over 'cyclicals' over the past year, but recently this has begun to reverse.

Investors typically look at the difference between the US two-year and 10-year Treasury bond yields as one gauge of the economy, as long-term rates factor in views about growth and inflation. In the last nine major steepenings in the US yield curve dating all the way back to December 1979, banks have risen in seven of them (only declining during the mid-1980s and the GFC) and outperformed the broader market in five of them.

However, the important question for investors is to ask is why is the yield curve steeping – if its steepening because short-term rates are declining faster than long-term rates as the economy is going into recession, it's not a good sign for banks. Alternatively, if its steepening while the economy is still expanding, then banks have outperformed in four of six cycles, which is more constructive for portfolios.




--------------------
"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

Said 'Thanks' for this post: early birds  
 
early birds
post Posted: Oct 28 2016, 09:09 AM
  Quote Post


Posts: 12,304
Thanks: 1305


don't know if you guys noticed last few days
that ANZ sp is higher than NAB............
here is the thing-----even NAB cut the divys by 10cps it will still way higher than ANZ
looks market gonna correcting it today----at least at opening bell

to me----anything under 28.00 for NAB before x-divy is a BUY BUY for a trading point of view.



Said 'Thanks' for this post: wolverine  
 
nipper
post Posted: Oct 27 2016, 11:18 AM
  Quote Post


Posts: 5,383
Thanks: 1960


In Reply To: wolverine's post @ Oct 27 2016, 11:01 AM

not offhand. I read something about it; Smaller banks are screaming because they are 'inconvenienced' (and ditto with mortgages moving with cash rates)

http://www.apra.gov.au/MediaReleases/Pages/15_18.aspx

and ditto with mortgages moving with cash rates - if APRA can get that wrong, how good a regulator are they?



--------------------
"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
 
wolverine
post Posted: Oct 27 2016, 11:01 AM
  Quote Post


Posts: 10,059
Thanks: 878


In Reply To: nipper's post @ Oct 27 2016, 09:41 AM

Nipper or EB do you understand the CET1 Harmonised number? They seem to make some adjustments to the APRA number based on mortgage exposure??



--------------------
TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
nipper
post Posted: Oct 27 2016, 09:41 AM
  Quote Post


Posts: 5,383
Thanks: 1960


In Reply To: early birds's post @ Oct 27 2016, 09:15 AM

what are the analysts looking at?
QUOTE
Thorburn neatly side-stepped the issue [of future dividends] on Thursday, emphasising that the board had decided that this half at least, the payout was appropriate – the directors felt the bank's capital levels were appropriate it's earnings were solid and the outlook was strong enough to support the dividend.

NAB has also looked to help its capital cause by targeting less capital intensive and higher return loads, which allows it to decrease its level of risk weighted asset growth, and lowered its need for additional capital that could be provided through a reduced dividend.

There's also the issue of NAB's not insubstantial bank of franking credits – Thorburn says that it makes sense to distribute them when and where they can. "This half we are certainly comfortable paying out 99¢," Thorburn said.

But as to whether the dividend would need to start coming down in the future, Thorburn was tight lipped. "We will continue to monitor to the situation," he said, adding that changes to capital needs, earnings or the outlook would determine where the payouts head.

Digging into that trio of criteria, it becomes clear that future dividend decisions are likely to come down to capital.
- The bank's cash earnings were in line expectations and the outlook looks pretty stable.
- Bad debts appear under control and despite competitive pressures and rising funding costs, NAB is holding its own in personal and business banking.
- The general outlook is reasonable too; Thorburn painting a reasonably rosy picture of the growing Australian and Kiwi economies, although global uncertainties remain.

Which leaves capital. Thorburn made it clear that NAB feels comfortable right not. The bank lifted its common tier 1 equity by 8 basis points in the September half to 9.8 per cent, thanks in part to the sale of 80 per cent of its life insurance business...
Basel going to keep pushing for higher CET1, and all the watermelon politicians will keep crying 'fire'



--------------------
"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
 
early birds
post Posted: Oct 27 2016, 09:15 AM
  Quote Post


Posts: 12,304
Thanks: 1305


In Reply To: wolverine's post @ Oct 27 2016, 08:49 AM

near 28 level jumped nearly 2%, wondering who ever sell it yesterday----what is their mind?? unsure.gif

28.50 or 29.00 before the x--divy at 5th of Nov. anyone beside me and wolvy?? lmaosmiley.gif



 


wolverine
post Posted: Oct 27 2016, 08:49 AM
  Quote Post


Posts: 10,059
Thanks: 878


Div maintained (80%) payout ratio, lower costs and lower loan losses and CET ratio looks ok too. Should be more up than down.



--------------------
TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
early birds
post Posted: Oct 25 2016, 08:47 AM
  Quote Post


Posts: 12,304
Thanks: 1305


put in mind what market expectation....
======================

Attention will be focused on three areas - the dividend, the net interest margin and return on equity and the level of impaired loans and bad debts.

The NAB reported an after-tax profit for 2014-15 of $6.3 billion, up by nearly 20% from a year ago.

But the preferred measure, cash earnings, saw a rise of nearly 16% to $5.8 billion as the bank was forced to boost provisions in its UK banks.

=========
expecting a little bit of surprise to the upside for the SP after it's earning release???? unsure.gif



 
early birds
post Posted: Aug 16 2016, 10:37 AM
  Quote Post


Posts: 12,304
Thanks: 1305


In Reply To: early birds's post @ Aug 10 2016, 10:38 AM

high of 27.34 this morning....only one cent of my target. i sold all my cfd's at 27.30, only have little cash holding left in my p/o
it's a good trade for me even i sold half of the chunk little too early.
i guess i shouldn't post swearing words in here---that upsets jacsar ???? unsure.gif



 
mullokintyre
post Posted: Aug 15 2016, 10:10 PM
  Quote Post


Posts: 1,707
Thanks: 626


In Reply To: wolverine's post @ Aug 15 2016, 09:01 PM

Jacsar has merely moved from the old era of invisible ink to the new era of invisible pixels.
You need to hold your screen under UV light to read the post.
Mick



--------------------
sent from my Olivetti Typewriter.

Said 'Thanks' for this post: wolverine  
 
 


70 Pages (Click to Jump) V  < 1 2 3 4 5 6 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING