Business Services Industry
NAB acquisitions preferred to buyback.
Australasian Business Intelligence, February, 2007
Byline: Eric Johnston
Feb 01, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Analysts suggest that the National Australia Bank (NAB) could provide better returns to shareholders through acquisitions rather than share buybacks. However, in early February 2007, NAB chairman Michael Chaney said that the bank was not interested in "empire building". NAB will put $A700 million into its buyback scheme, leading to a surplus capital of over $A1 billion by January 2008. Analysts have upgraded NAB earnings per share forecasts and its shares closed up by $A0.36 to $A40.78 on 1 February 2007.
Publication Date: 2 February 2007
NATIONAL AUSTRALIA BANK LIMITED - ASX NAB
UBS AUSTRALIA LIMITED
GOLDMAN SACHS JBWERE PTY LTD
All...
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