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
$19.48 |
Change
-0.140(0.71%) |
Mkt cap ! $68.20B | |||
| Open | High | Low | Value | Volume |
| $19.55 | $19.57 | $19.29 | $147.9M | 7.586M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10093 | $19.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.49 | 16865 | 1 |
View Market Depth
| Last trade - 16.10pm 24/06/2022 (20 minute delay) ? |
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Last
$19.46 |
Change
-0.140 ( 1.20 %) |
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| Open | High | Low | Volume | ||
| $19.53 | $19.54 | $19.29 | 1714820 | ||
| Last updated 15.59pm 24/06/2022 (live) ? | |||||
| WBC (ASX) Chart |