Any ideas on where the euro/china problems is going to effect CBA's next dividends? i feel like selling CBA and taking the gains but i believe that CBA's div should rise from these rate rises atleast 15c (since CBA is going to rake in another 600million and has 1500million shares @ around 40-60% return as div).
I'm not too concern about the price of the shares falling from the crises but more concern about my dividend payments.
Note: I own shares in this company and other banking companies
CBA announced its intention to release a retail bond to be listed on the ASX.
"The interest rate will equal the sum of the 90 day bank bill rate plus a margin of between 100 and 115 basis points to be determined prior to the launch of the Offer."
Doesn't seem to be as good as PERLS.
I'm not too concern about the price of the shares falling from the crises but more concern about my dividend payments.
Note: I own shares in this company and other banking companies
This retail bond does not make sense. It could be useful to institutions, but for retail investors, online savings account gives you even more security, interest rate is at least as high, and you can use the cash anytime.
You are right alphaman, right now Rabo Bank are offering 6.4% at call. PERLS V running interest rate is about 7.8% and Tabcorps Bonds running rate is around 9%. Term Deposits for 5 years at St George Bank are 7%. To me these CBA bonds are a real lousy deal.
yeah but CBA is such a strong performer and has a great track record, its practically risk free, compared to Rabo bank and TAB
Rabo bank is one of the most respected in the World with a market cap bigger than CBA. I dont see how they are more risky than CBA
I signed on for this 6.4% at call deal a few months ago. Funds are fully guaranteed.Quite so. That is, assuming that it's the parent Rabobank who are offering this rate and not some non-guaranteed subsidiary?
CBA Weekly
CBA should have found support @ $50.04 in the 2nd week of October and
by the 3rd week should have been trading above $51.25 and
heading towards the October highs by the 4th week….
And then continuing higher towards $56.29 in the 4th Quarter.
However, by the 4th Week it was struggling and now looking to move
down into lower support levels.
A number of support levels, as shown need to be verified with lesser timeframes patterns.
With major Support @ $46.22
I wouldn't be too concerned about the divs. Banks' divs rarely (although it has happened) decrease. We are also coming out of a bit of a difficult time for the banks so I would be surprised if they reduced divs below where they are now. People speculate about interest rates and such but short of a mass housing market collapse banks dont lose when interest rates move. They just adjust as necessary.
CBA below $50 is a bargain over recent times (in my opinion). We are seeing CBA move higher against a down trending market at the moment because it was pushed down due to the other banks going ex div recently. We are now seeing the market re-weight and start positioning for CBAs div early in the new year so I would expect to see it increase in price over the next few weeks - so if you wanted to sell - some time around (or just after) Christmas would probably be your best bet. Although obviously if you do - you will miss the next div!
malachii
PS - My opinion only - due your own research and I do own CBA shares and call options as of today.
Your a gun frankiedee , its certainly coming up on my radar now being a bit over 2 months to reporting . recent lows at the 4800 level obvious key . XJO looking shaky at the 4600 level atm so its a coin toss as to whether the 48 holds , definately got my eye on FDs level down there at his major support . CBA being the safe conservative bank they are always rise into report/div outside blackswan events so im keen for an entry some time early - mid dec , ill give a little time for the xjo to sort its support level out so no rush atm .
6 months on and we are back to a similar scenario with the 2011 lows around 49.20 levels being support . CBA report 10 aug and are ex 15 aug . entry before end of june is on my agenda .............
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