NAB 0.00% $18.60 national australia bank limited

pay dividend friday, raise capital monday

  1. 11,052 Posts.
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    Certainly a discrace in my view, capital raised does nothing other than plug the hole from the dividend payment on Friday.....Unlike CBa who raised the money to buy another business, NAB is doing nothing than raise the Teir 1 ratio affected by the forthcoming div payment...

    I see it has already been smashed.....considering they said no capital was needed and with a gov guarantee, thier behaviour is not good IMO....

    I suppose the others will have to follow?

    And I have to say, this casual attitude to announcements, loss here, exposure here, is making for a dangerous marketplace.....what is with approximatley 8%, or further provisioning,,,,it should be accurate or dont they know..

    Good luck traders
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