ANZ’s Asian expansion: Divine or doomed?
‘I have been a subscriber to The Intelligent Investor since June 2004 and, for some time now, I have wanted to write to you expressing my annoyance and disagreement with Greg Hoffman’s continued...
View ArticleHow bankers have a gun at your head
Unfavourable reviews on preference share offers like ANZ CPS3 and Suncorp CPS2, or subordinated notes such as Colonial Group Subordinated Notes, always get the phones running hot. Not so much from...
View ArticleWas my NAB analysis a waste of time?
What will NAB be worth in 2017? Part 2 was published a few days ago on Share Advisor (you can find Part 1 here). Two members have since questioned the value of the research, which means that I could...
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Banking on the banks?
Bank bashing is a national pastime for customers, but shareholders of the big four banks have generally enjoyed tremendous returns for the past two decades. Tranche 1 of the Commonwealth Bank floated...
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Big banks brought to book
Probably the simplest valuation tool in the investor’s toolkit is the price-to-book ratio. You get it by dividing the total value of a company’s shares on the market (its market capitalisation) by the...
View ArticleShould you buy a regional bank?
Out of the regional/second tier banks do you have a preferred exposure? Which one is it at what are some of the reasons that make it attractive? Do you see opportunity for consolidation amongst the...
View ArticleTime to sell the banks?
Success creates its own problems, especially in investing. That’s especially true of many investors’ holdings in the big banks, which frequently break one of investing’s golden rules – portfolio...
View ArticleDon’t bank on hybrids
Alongside the recent collapse in share prices has been a slump in the prices of hybrids, in many cases to below their issue price. I won’t say ‘I told you so’, because I didn’t, but my colleague...
View ArticleCarmen Segarra shows ASIC a way out of the shambles
We all hoped that regulators would learn something from the catastrophic mistakes that produced the Global Financial Crisis. The September 26th episode of This American Life, covering the case of New...
View ArticleBanks threatened by online competitors
With ANZ, National Australia Bank and Westpac expected to report record profits this week (Commonwealth Bank has a 30 June year end), everything is going swimmingly for Australia’s banking giants....
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Will peer-to-peer lending kill the banks?
Peer-to-peer lending is a US$3bn global industry, but has been slow to get off the ground in Australia, mainly due to regulatory restrictions. But, with the regulators easing their grip, it’s now...
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