Recent writedowns of $350,000,000 mean that the net asset backing of Westpac shares has declined by a mere 20 cents per share. Compare that to the recent market fall per share of more than $3 and one can justifiably claim that the decline has been overdone.
So I reckon WBC is a buy at the moment.
WBC price decline overdone
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Last
$25.36 |
Change
0.030(0.12%) |
Mkt cap ! $92.92B | |||
| Open | High | Low | Value | Volume |
| $25.35 | $25.48 | $25.30 | $65.86M | 2.595M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 11578 | $25.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.36 | 13734 | 35 |
View Market Depth
| Last trade - 14.26pm 18/05/2021 (20 minute delay) ? |
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Last
$25.37 |
Change
0.030 ( 0.18 %) |
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| Open | High | Low | Volume | ||
| $25.39 | $25.47 | $25.30 | 304461 | ||
| Last updated 14.45pm 18/05/2021 (live) ? | |||||
| WBC (ASX) Chart |