NAB – Algo Buy Conditions

National Australia Bank is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

NAB reported FY19 cash earnings of $5.1bn and opted to operate a discounted DRP as well as partially underwrite the DRP, instead of discounted equity raising, as was the case with WBC.

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ANZ, WBC, NAB and MQG all offer yield support but little in the way of near -term earnings growth.

 

 

 

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