Bank Of Western Australia Limited

By Intelligent Investor · 31 Jul 2002

By Intelligent Investor ·
31 Jul 2002

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Bank of Western Australia Limited - BWA

Current price

n/a

Price at review

$4.19 at (31 July 2002)

All Prices are in AUD ($)

We've taken a good look at the company's recent half-year results and they were ugly enough for us to reverse our previous string of positive recommendations. We'll have a full explanation in the next issue but we're selling the 2,331 shares from our income portfolio at today's closing price of $4.22 and reinvesting the proceeds in 2,045 Telstra shares at $4.81 (today's closing price). If you're after banking exposure then consider Suncorp, the National or Commonwealth. SELL and SWITCH.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Bank Of Western Australia Limited

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Bank Of Western Australia Limited

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