I am posting in the ANZ.NZX forum so its NZ all the way. My chart earlier was in NZD as well.
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I am posting in the ANZ.NZX forum so its NZ all the way. My chart earlier was in NZD as well.
We're in the DRP calculation period now. Hopefully will drop a little more so we can get a few more come July.
S+P downgrades whole Australian banking industry
ANZ estimates cost of levy - we estimatethat the annual financial impact of the tax would have been approximately $345 million on abefore tax basis, and approximately $240 million after tax.
Discl (no position) but I will confess pride is at stake. :p
only 240m? how much did they make 2.9b? so less than 1% 'actual' impact, yet the share price of ANZ fell how much this month? nearly 15% or something? (mostly due to the budget tax I believe)
(Made a mistake... actually 8 ish %)
might want to refresh your calculus lessons ...
240 m would be roughly 8.3% of 2.9 b, quite a significant take.