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![Quote](images/misc/quote_icon.png) Originally Posted by ronaldson
Trading in this share is pretty flat, with no momentum to break the $1 ceiling that has prevailed for a while now. We seem to be in a holding pattern, albeit with good volume, pending the next news announcement, likely the 30 June results.
Could go either way at that point judging by the current pattern? I think the upside potential must be greater from the current level but there is a lot of stress out there, including in Australia.
Looking at the near future interest rates will fall resulting in big profits for banks .
The market can be expected to appreciate this soon with a big increase in sp .
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![Quote](images/misc/quote_icon.png) Originally Posted by fish
Looking at the near future interest rates will fall resulting in big profits for banks .
The market can be expected to appreciate this soon with a big increase in sp .
Yes if banks can expand loan portfolio and manage well. However they will have lower net interest margins.
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There might be some "unexpected delays" in passing on the interest rate reductions ![Wink](images/smilies/wink2.gif)
Except for savings with the bank of course. That's forward looking
Last edited by Panda-NZ-; Today at 08:05 AM.
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