Bank Of Western Australia Limited

By Intelligent Investor · 30 May 2003

By Intelligent Investor ·
30 May 2003

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Bank of Western Australia Limited - BWA

Current price

n/a

Price at review

$4.31 at (30 May 2003)

All Prices are in AUD ($)

BankWest has clarified there will be no special fully-franked dividend paid as part of HBOS's takeover for the company. Despite this news, the stock price is unchanged since our last update in issue 128/May 03 (Hold for the Upside - $4.31). We think the chance of another bidder joining the action is slim. But with the current price only marginally above the takeover offer of $4.25, there's little incentive to sell on-market and pay brokerage. So investors should HOLD FOR THE UPSIDE.

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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