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ASBPB - ASB Bank Preference Shares

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ASBPB - ASB Bank Preference Shares

Postby Share Investor » June 22nd, 2009, 9:34 pm

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ASB Bank Preference Shares

Postby Bongo666 » June 22nd, 2009, 9:37 pm

ASB Pref shares B and A are a good buy at current prices. Interest rates are set to rise and so will these shares methinks...

DISC, I own ASBPB
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Re: ASBPB - ASB Bank Preference Shares

Postby stock-guy » February 5th, 2010, 5:05 pm

is it good to trade in these shares at this time
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Re: ASBPB - ASB Bank Preference Shares

Postby Bongo666 » February 5th, 2010, 5:39 pm

stock-guy wrote:is it good to trade in these shares at this time


I own a few and have since 2007 I think it is. They have been marked down from their dollar issue price because of the lower interest rate they are currently attracting.

They will rise in price as interest rates rise so now is an opportune time to buy. I wouldn't trade the share quickly though because they are only thinly traded on the NZX.
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