80cps, ex div 8 May, record date 9 May, payable 3 July.
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Westpac results on Monday, can't wait to see how the two compare...
June is the time to buy banks apparently, may pick up some ANZ when the waters warm.
Disc. holding WBC
new bank levy starts in six weeks will cost, 5% of the after-tax profits from Australian banks, according to NBR today..
They'll pass it on. They've always passed such things on in the past and the Turnbull Govt are gonna try and have window-dressing to make it look like they're not passing it on but they will in fact they already have. Starting March 17th the major Aus banks have had two rounds of rate increases on many of their lending products some increased as much as 50 basis points all while the RBA leaves the OCR unchanged. So the relevant banks have already more than covered this in the 7 weeks before it was announced.
It's quite clever everyone hates the banks, you hit the banks, the banks pass it on so you are really hitting Joe public but then the Govt can blame the banks for passing it on and being such *********. Politically clever.
[QUOTEThey'll pass it on][/QUOTE]
The market agrees. ANZ up 29c in Oz.
Aussie market seems to love the Budget!
ANZ now up 37c today.
:)
I said to a colleague the other day, "we"ll see 28"