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
Add WBC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$27.78 |
Change
0.360(1.31%) |
Mkt cap ! $99.07B | |||
| Open | High | Low | Value | Volume |
| $27.59 | $27.79 | $27.58 | $338.0M | 12.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 567 | $27.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.78 | 60971 | 9 |
View Market Depth
| Last trade - 16.10pm 11/11/2019 (20 minute delay) ? |
 (live)
|
|||||
|
Last
$27.74 |
Change
0.360 ( 1.15 %) |
||||
| Open | High | Low | Volume | ||
| $27.59 | $27.79 | $27.59 | 1584162 | ||
| Last updated 15.59pm 11/11/2019 (live) ? | |||||
| WBC (ASX) Chart |