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NAB profit

Discussion in 'Property Finance' started by dabbler, 28th Oct, 2015.

  1. dabbler

    dabbler Well-Known Member

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    NAB has boosted profit to near 20% it was just said.

    NAB double dipped as the recent rate rise announced is after one they did just weeks back to IO loans.

    With recent discussion, I think it is hard not to be cynical, one would assume the capital raising measures are not counted as it should not be profit.

    I think this is over the top, will be interesting to see what the others have as results and what happens in future as share holders may expect large profits.
     
  2. Biz

    Biz Well-Known Member

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    AT ARMS!!!!

    I will smack NAB with a wet lettuce leaf!
     
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  3. Waterboy

    Waterboy Well-Known Member

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    Well you should have bought NAB shares last couple of months when share prices are low -- dividend yields with franking credits are higher than property and you claim tax deduction by borrowing from your PPOR through redraw!

    Can't beat them? Join them! :)
     
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  4. Waterboy

    Waterboy Well-Known Member

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    Actually analysts are saying it is a "Massive Miss" as they were expecting $6.3B vs $5.8B actual.
     
  5. pinkboy

    pinkboy Well-Known Member Premium Member

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    Shock horror, a business trying to make 20% profit by increasing margin slightly.

    Ever wondered what the mark-up on essential items such as apples are ?


    pinkboy
     
  6. willair

    willair Well-Known Member Premium Member

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  7. dabbler

    dabbler Well-Known Member

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    Are you on the phone to them now Biz ???

    Waterboy, that was my suggestion to you.....lol...... I am not buying any bank shares directly, although a week or so ago probably would have been a good time if your into stocks, watch them rise...
     
  8. Waterboy

    Waterboy Well-Known Member

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    Guess what, "Banks" are in the business of "Making MONEY".

    LOL
     
  9. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    I loaded on up bank shares a couple of weeks ago via my cbus "self managed" fund.

    So far, so good.
     
  10. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Most borrowers are not trees............... they choose and stay, or they can choose and move

    Commercial reality makes for an efficient market usually

    ta
    rolf
     
  11. York

    York Finance Broker Business Member

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    At a retail level? Not much...like 5%
     
  12. Waterboy

    Waterboy Well-Known Member

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    Yeah but all the trees in the forest are infested with parasites.
     
  13. JohnPropChat

    JohnPropChat Well-Known Member

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    This cbus "self managed" fund? Does it let you pick any stock or just ASX300 and things like that?
     
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  14. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    @JohnPropChat, limited selection. I believe you can only buy stocks cbus already holds within its four standard options (e.g. High Growth). There were a big handful of of AI, Robotics, Genomics companies I wanted to buy shares in but no go. Good selection of blue chip though.
     
  15. JohnPropChat

    JohnPropChat Well-Known Member

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    I am with AusSuper MemberDirect - ASX 300 and some ETFs nothing fancy either. Looks like the only way to trade some high potential stocks is through SMSF. Heard some good things about esuperfund.
     
  16. dabbler

    dabbler Well-Known Member

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    Actually, they are quite rude, they squeeze the life out of both sides & make a motza, especially screw the producers, which seems a specialty or normal mode of operation.
     
  17. Waterboy

    Waterboy Well-Known Member

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    ING Direct Living Super allows you to trade ASX shares through your non-SMSF super account.
     
  18. Waterboy

    Waterboy Well-Known Member

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    ANZ just announced a $7.2 Billion profit.
     
  19. The Falcon

    The Falcon Well-Known Member

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    Boooooo!!!! Capitalism!!!!!

    To the barracades comrades!
     
  20. 2FAST4U

    2FAST4U Well-Known Member

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    Yet if they start losing money they'll be running straight to the Government with their hands out and the Government will bail them out. #toobigtofail