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NAB, NATIONAL AUSTRALIA BANK LIMITED
nipper
post Posted: Oct 27 2016, 09:41 AM
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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'



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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
 
early birds
post Posted: Oct 27 2016, 09:15 AM
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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
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Div maintained (80%) payout ratio, lower costs and lower loan losses and CET ratio looks ok too. Should be more up than down.



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TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
early birds
post Posted: Oct 25 2016, 08:47 AM
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put in mind what market expectation....
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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.

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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
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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
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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



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sent from my Olivetti Typewriter.

Said 'Thanks' for this post: wolverine  
 

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wolverine
post Posted: Aug 15 2016, 09:01 PM
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In Reply To: nipper's post @ Aug 15 2016, 07:11 PM

Jacsars views and motivations are completely transparent. laugh.gif



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TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
nipper
post Posted: Aug 15 2016, 07:11 PM
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In Reply To: jacsar's post @ Aug 15 2016, 07:05 PM

I see your point



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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
 
jacsar
post Posted: Aug 15 2016, 07:05 PM
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In Reply To: early birds's post @ Aug 15 2016, 02:15 PM

.

This post has been edited by jacsar: Aug 15 2016, 07:06 PM

 
early birds
post Posted: Aug 15 2016, 02:15 PM
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In Reply To: wolverine's post @ Aug 15 2016, 01:13 PM

i just can't understand ----why the heck those hedge fund want place massive shorts on banks--esp our banks whom backed up by gov. by our economy{ although it's not really that good but far better than others} all because pauline xenophon gonna sent royal commission into banks?? give me a f#$%^& break!!
i'm sure these shorters gonna lossing again this time like last few years. thumbdown.gif


 
 


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