Forum Archive Index - November 2000

["Mike Beal" <mike.beal@approved.co.nz>]

I reckon they'll start to fizzle out when (if) the profits start to fizzle out.  They've been pretty low risk stocks to hold, I've had NAB and ANZ for about three years now - every six months without fail I receive a dividend notice saying that the dividend has increased 10% over the prior 6 months - and the dividend yield is always about 4%+.  NAB has had its eighth consecutive record annual profit.  So, to all those whinging gits who whine on and on about bank fees - buy some bank stocks and share in the profits!  (or alternatively be a profitable customer, ie at least a $100k on mortgage and term deposit - you can negotiate fees a lot more if you are a profitable customer to the bank).

 

Mike Beal.

----- Original Message -----

From: Geoff Ewert

To: sharechat@sharechat.co.nz

Sent: Wednesday, November 29, 2000 6:06 PM

Subject: [sharechat] Banking stocks

Hi chatters,

    Any guesses as to when the spectacular performance of the aussie banking sector will reverse or fizzle out?

    Regards G