CBA - Commonwealth Bank of Australia
- Thread starter stefan
- Start date
Re: the share price of commonwealth bank is about 80, but the dividend is only 45cent
http://lmgtfy.com/?q=https://www.google.com/finance?q=cba.ax#
the share price of commonwealth bank is about 80, but the dividend is only 45cents per share?
is it correct?
http://lmgtfy.com/?q=https://www.google.com/finance?q=cba.ax#
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Yeah I watched that, really interesting. Although I don't think that type of culture/problem is limited to CBA, it's probably inherent in all banks.
Well it has broken above $80 today and played out pretty much as I thought it might.
Now to see if it can hold above $80.
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They don't think it's going to be material to share holders CBA has committed fraud!!
Aaah. Sorry. But this is a devastating reputational issue. It could take all the shine off.
They got off scott free on the QLD thing they were backing, that fell over and ruined lives , now this.
2 strikes is enough. The other banks should go to town on advertising saying you can trust us!!
Been building a big short on this and big long on NAB to disclose.
Aaah. Sorry. But this is a devastating reputational issue. It could take all the shine off.
They got off scott free on the QLD thing they were backing, that fell over and ruined lives , now this.
2 strikes is enough. The other banks should go to town on advertising saying you can trust us!!
Been building a big short on this and big long on NAB to disclose.
nulla nulla
Positive Expectancy
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You could probably read something into the fact that the other banks haven't gone to town advertising "you can trust us". They are probably looking over there own shoulders as they clean up their files anticipating outside scrutiny that is likely to come as fall out from the CBA debacle.
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Yeah but CBA have only just owned up so not much time to go to town yet.
I doubt the others were doing the same.
I doubt the others were doing the same.
Royal inquiry is needed, what they said today is very vague...
it been bubbling for a few years now and all this time CBA been dodging it but the pressure is now on
and they finally decided to front up but they still very vague.
something is hidden in the closet and they dont want it to come out
http://www.theage.com.au/business/c...whistleblower-jeff-morris-20140703-zsuli.html
with that view I short again today
it been bubbling for a few years now and all this time CBA been dodging it but the pressure is now on
and they finally decided to front up but they still very vague.
something is hidden in the closet and they dont want it to come out
http://www.theage.com.au/business/c...whistleblower-jeff-morris-20140703-zsuli.html
with that view I short again today
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I can assure you that the activities highlighted in media articles are in no way confined to CBA FP!!
Doubt that this will be the catalyst for a share price fall on its own ROE - the media can beat up all they like but talk of a royal commission is a joke.
They've turned over management, processes and remunerations models since this occurred and from friends working there now I've gotta say they go through a lot more compliance checking than I do at an independent firm.
Beware of getting your truth from the media, you're wiser than that
.Doubt that this will be the catalyst for a share price fall on its own ROE - the media can beat up all they like but talk of a royal commission is a joke.
They've turned over management, processes and remunerations models since this occurred and from friends working there now I've gotta say they go through a lot more compliance checking than I do at an independent firm.
Beware of getting your truth from the media, you're wiser than that
They are a disgraceful organization that apparently employs more than a few sociopaths. Looks like nobody is going down for sanitizing the files of clients (polite word for doctoring and fraud).
If it hadn't been for the media that nest of sociopaths would never have been exposed. As usual ASIC was worse than useless.
Doubt that this will be the catalyst for a share price fall on its own ROE - the media can beat up all they like but talk of a royal commission is a joke.
They've turned over management, processes and remunerations models since this occurred and from friends working there now I've gotta say they go through a lot more compliance checking than I do at an independent firm.
Beware of getting your truth from the media, you're wiser than that
No I am not getting my stuff from the media just posting link.
law of large numbers is on my side and CBA has to be doing dodgy stuff to grow earning
and sooner or later it will come out.
be it financial advisor or risky lending or derivatives trading
All business when it get to a certain size face 2 choices, doing things properly and by the law
and you get no grow or negative grow or maintain the image and grow at all cost
CBA takes the second option and I like to bet against business that does that
I could be wrong but 2-3 years is my time frame to get it wrong or right
No I am not getting my stuff from the media just posting link.
law of large numbers is on my side and CBA has to be doing dodgy stuff to grow earning
and sooner or later it will come out.
be it financial advisor or risky lending or derivatives trading
I could be wrong but 2-3 years is my time frame to get it wrong or right
It is interesting that the most recent figure I saw for potential compensation was around $250m - breaking my own rule and getting that one from the media - but that would be a drop in the sea for even 6 months earnings. It would make up the majority of the wealth management unit profit for a half, but as a one off that would hardly be the end of the world.
The factors that would lead to CBA dropping are likely to effect the other banks in kind, right? Those being upsets in lending/property market disruption/general global pulback?
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Personally I believe people who rely on others to give them the hot stock tip of the day are not successful investors in the long run.
The majority do what the minority don't.
Actions determine results, and guess which group hold the bigger piece of the pie? [emoji6]
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Re: CBA
i think @ 80 cba is well valued , only new earnings can push sp ...but wouldn't be surprised by an upgrade ..
i think @ 80 cba is well valued , only new earnings can push sp ...but wouldn't be surprised by an upgrade ..
There is a slight probability that CBA could form a Quasi Fractal. Based on Fib projections, F3 bottom could be somewhere in a 73-71 range. This Fractal would be confirmed by EW count so it would have an extremely high probability of a thrust higher from there, I'd say above 100 mark.
The rise above 84 by not making a new bottom would negate an expanding fractal scenario.
Bendigo Bank (BEN) could sport the similar fractal structure. Let's wait and see, could take a few weeks.
The rise above 84 by not making a new bottom would negate an expanding fractal scenario.
Bendigo Bank (BEN) could sport the similar fractal structure. Let's wait and see, could take a few weeks.
cba day chart24.11
At 10.05amm i knew that cba would go to 8060 then fall back to around 8030. Pretty handy if you day trade options or cfds. Not infallible and not easy some days. I have 3 supporting charts that give an indication of reliability or otherwise. Difficult sometimes matching opening to yesterdays close and streamlining procedure to upload quickly.
To clarify in terms of dollas and cents. you know cba will go to 8060 and will change direction around points 30 -35 or around 10.30am as happened. At that point in time 8100 call option are trading @24cents. When cba reaches 8060 they are 33cents. You know cba will fall back to at least 8030. 8000 puts are 30cents at the high of 8060 and increase to 38cents with cba at 8030. These are modest moves for CBA and the option prices movement improves as expiry approaches.
At 10.05amm i knew that cba would go to 8060 then fall back to around 8030. Pretty handy if you day trade options or cfds. Not infallible and not easy some days. I have 3 supporting charts that give an indication of reliability or otherwise. Difficult sometimes matching opening to yesterdays close and streamlining procedure to upload quickly.
To clarify in terms of dollas and cents. you know cba will go to 8060 and will change direction around points 30 -35 or around 10.30am as happened. At that point in time 8100 call option are trading @24cents. When cba reaches 8060 they are 33cents. You know cba will fall back to at least 8030. 8000 puts are 30cents at the high of 8060 and increase to 38cents with cba at 8030. These are modest moves for CBA and the option prices movement improves as expiry approaches.
