the share price of commonwealth bank is about 80, but the dividend is only 45cents per share?
is it correct?
I agree, there is nothing on the chart currently suggesting a major correction. IMO price will range between $74-$80 for a while with maybe a test of support at $70 occasionally but overall the chart still looks quite strong to me. I see no real reason for holders to exit yet especially considering the decent dividend yield it provides year after year.
I currently see more strength at the $70 support then weakness at the $79 resistance, even the support at $74 looks okay. My current view is we will see it break and hold above $80 before we see it break and hold below $70.
Taking short term shorts at around $78-$80 for a quick trade might be a decent strategy, trying to pick longer term corrections is fraught with danger imo. The chances of a v type reversal with this stock are very minimal.
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.
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
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.
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
... Got upgraded to a buy at au stoxline.
I think that the banking sector will find it hard to maintain its' profit growth. However, the yields are good and profit and dividends will still rise albeit at a slower rate, so unless interest rates have a significant rise they still seem to be excellent to hold. That is you receive a good fully franked dividend and a steady capital gain.
It is interesting to follow the paper reports. Not long ago it was all about the banking sector has had its day and it was time to sell. The bank share prices are up about 7% since then and now I read in the Financial Review to-day that bank shares may rise because as the weight of NCP reduces in the S&P the banks weights will increase and therefore the institutions will need to buy the banks to maintain their weights. This is obiously true of any sector other than NCP.
All in all I am holding and will continue to do so.
I hold ANZ,CBA,STG and WBC. I also hold the unlisted IMB (Illawarra Bld Soc).
Bingo
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