AFF Member Stock Discussion

ANZ announcement today...ceasing the share buyback and having a DRP which will not be neutralised.
So having already "spent" almost $1.2B in a buyback, a 180degree turnaround by issuing extra shares instead of reducing.
Also stated a 1.5% discount on the DRP, don't know if that is new. Shares up (atm) on a down day.
 
ANZ is getting a major reset.Tough on staff but good for the bank repositioning for growth.
TWE news of overstocks is not a surprise to me based on the Wall Street journal article. I hope we get offers on Penfolds better wines at fairer prices.
Rare earth stocks have lifted today.
 
I sold my just issued ARU shares under their SPP for a nice profit today.
I sold my LYC SPP allocation after a few days to rebalance my portfolio, which made sense at the time. Hindsight, and the share price, is now telling me that I should have kept them another week, at least! Oh well.
 

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