Post by Fran Post by McCoy
Can someone explain this to me?
I heard in today's news that NAB's share price has drop about
40% over weeks; now slashing dividend from 83 cents to 30 cents
per share, and asking for bailout $ of 3.5 billion. Now in
All these are not surprising in the current pandemic situation.
What I don't understand is... I remember seeing in the news ,
one night, about 3 weeks ago, the market drop (include banks
shares), but NAB was the only share that went up ? Why? What was
happening ? Something fishy happening ?
Not as far as we can see.
Share prices go up and down and often it may or may not bear little
relationship to what is going on in the world. Our philosophy is to
never sell until we are ready and we don't get scared easily but a lot
of people do seem to panic and sell when they should hold (at least in
NAB has put out an offer to shareholders that they can buy up to $30K
worth of shares at a price that IIRC, is about $2 less than the listed
share price. That is the sort of deal that we've used before to buy
shares and made good on. YMMV.
Sure, share prices go up and down. But you are missing my question.
My Q. is...why on that one day (about 3 weeks ago) the ASX/market
That was the only bank share that went up on that particular day.