National Bank paying 6% fully franked

[Thommo]

at the current price. That's a very good return but they do look accident prone now. Your SMSF might like some for the long term.

Thommo

[geoffw]

At the current price of $28.52, down from $31 in just two days...

[Thommo]

At the current price of $28.52, down from $31 in just two days...
This is not the forum to discuss the merits of NAB from a price point of view but many here have super funds and that is a good return to lock into imho.

T

[geoffw]

In that context, my SMSF bought them when they were at $32.20, supposedly on a low. At 6% yield, I would need nearly two years of dividends just to break even.

[Thommo]

In that context, my SMSF bought them when they were at $32.20, supposedly on a low. At 6% yield, I would need nearly two years of dividends just to break even.They are accident prone, aren't they? :(

I don't hold any banks in my portfolio. That's partly a moral issue though.

T

[Aceyducey]

Ditto.

No banks, poker machines or casinos.

However I do frequrent those places of ill-repute on occasion - If I want to gamble I want the enjoyment from it personally :)

Cheers,

Aceyducey

[Thommo]

Ditto.

No banks, poker machines or casinos.

However I do frequrent those places of ill-repute on occasion - If I want to gamble I want the enjoyment from it personally :)

Cheers,

AceyduceyMe too! Go to a bank most weeks.

T

[Bill.L]

Hi all.

A breakaway gap followed by a runaway gap, down to new lows after falling out of a decending triangle to new lows, not my idea of the ideal investment.

A 6% yield is a past yield, if the profit drops and they cut the dividend, the yield on the present price may be lower.

Just because the price looks "cheap" now, does not mean that todays price will look cheap next week.

Mind you my bias is to buy stocks going up in price not down.

bye

[Thommo]

Hi all.

A breakaway gap followed by a runaway gap, down to new lows after falling out of a decending triangle to new lows, not my idea of the ideal investment.

A 6% yield is a past yield, if the profit drops and they cut the dividend, the yield on the present price may be lower.

Just because the price looks "cheap" now, does not mean that todays price will look cheap next week.

Mind you my bias is to buy stocks going up in price not down.

bye
I'll be more careful in future. I intended my original post as a factual statement that the returns are available, no more. I thought my "accident prone" comment would indicate that I saw risk in the investment.

On the record; I do not recommend the purchase of any security and specifically do not recommend National Bank shares so I should not have mentioned super funds.

Thommo

[geoffw]

It's probably just a complete coincidence that NAB have been tightening up the rules for investors and then started forecasting a drop in profitability :D

(Two of my loans get shifted out on Monday).

[Garry K]

Ditto.

No banks, poker machines or casinos.

However I do frequrent those places of ill-repute on occasion - If I want to gamble I want the enjoyment from it personally :)

Cheers,

Aceyducey

What about "the Daily Planet" (DPL)......buy &/or frequent? :p

GarryK

[Bill.L]

Hi all,

It's been a week, and hopefully nobody here tried to catch the falling knife. The "cheap" price of last week ($28.52) is now looking a bit expensive with the price at $27.16 today.

Thommo, "I intended my original post as a factual statement that the returns are available, no more."

That's my point, the returns you are mentioning are PAST returns. If they cut the dividend because of lower profit, then buying now will not give you 6%.

buy

[Thommo]

Hi all,

It's been a week, and hopefully nobody here tried to catch the falling knife. The "cheap" price of last week ($28.52) is now looking a bit expensive with the price at $27.16 today.

Thommo, "I intended my original post as a factual statement that the returns are available, no more."

That's my point, the returns you are mentioning are PAST returns. If they cut the dividend because of lower profit, then buying now will not give you 6%.

buy
I would not be in the broad stock market for div return now. All the banks look shaky to me. If they don't dig holes or pump oil I wont get involved.

Thommo