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Action was slow again this week, as the broker community prepares for reporting season. There were a few surprises with AMP, Westpac and Qantas upgraded.
Westpac will announce its results soon, which could surprise a great deal on the upside, based on the news coming out of the bank and the East Coast recovery.
As foreshadowed in last Monday’s Switzer Super Report, Westpac is tapping the hybrid securities market with a “no frills” subordinated note offer.
I have just started to subscribe to the Switzer Super Report and I am looking for a more up-to-date view on stocks you would buy today – six stocks for divide..
In relation to the Westpac Capital Notes, how does the gross yield of 6.15% pa translate to a net yield of 4.31% pa. What am I missing?
Westpac has taken advantage of a drop in borrowing margins, launching a $500 million issue of its Capital Notes, the first of its kind for 2013.
