not the great building society collapse ??Did depositors lose money in 2008? The last time in Australia any depositor lost money was in the 1930’s
not the great building society collapse ??
i seem to have ended up with a raw deal during that with some money trickled back into a building society ( Metropolitan ) which was later taken over by Suncorp ,
and the total wasn't millions either ( seemed to take forever to get some access to my funds ) lucky for me i am a mattress-stuffer , so wasn't totally stranded
but the lack of trust remains
Hit $120.09 a while ago Shoulda, coulda but didn't.
I badly misjudged this one and got out with a 10+% Capital gain plus the divie at just on $115 only to watch it march on to $120.
We live on an Island, with a rapidly growing population, that’s addicted to credit cards and car loans, and whose dream is to get a home loan or 5 investment home loans. The banks are going to do well for a long time as long as the above doesn’t change.The banking sector is on steroids this week, even BOQ has had good gains. I wonder if it's a hint that something is going to change in markets?
I'd say many are making the punt of falling interest rates but bring on the divs and franking credits for me. I'm not the holder of CBA but I have 2 of the other major 4.We live on an Island, with a rapidly growing population, that’s addicted to credit cards and car loans, and whose dream is to get a home loan or 5 investment home loans. The banks are going to do well for a long time as long as the above doesn’t change.
I own CBA and have done for 28 years, my shares aren’t for sale, I am operating on the idea that owning part of the banking system long term on this Island will deliver growth and dividends that will be more than satisfactory.
@Garpal Gumnut I warned you over on the FMG thread attempting to trade good companies is risky, and that eventually they Shoot up out of any trading range you think they should be in.thanks why I only have entry strategies, not exit ones.
in my opinion CBA is the best bank in Australia, at least from a shareholders perspective.I'd say many are making the punt of falling interest rates but bring on the divs and franking credits for me. I'm not the holder of CBA but I have 2 of the other major 4.
Nicely worded, accurate, concise and no ramping.in my opinion CBA is the best bank in Australia, at least from a shareholders perspective.
In July / August 1991 an offer of newly issued shares in the Bank was made to the public. 230 million shares, comprising 30% of its voting shares, were issued on 12 September 1991 at an issue price of $5.40..
I own CBA and have done for 28 years, my shares aren’t for sale, I am operating on the idea that owning part of the banking system long term on this Island will deliver growth and dividends that will be more than satisfactory.
yes, Mr Gumnut, are you suitably chastised?@Garpal Gumnut I warned you over on the FMG thread attempting to trade good companies is risky, and that eventually they Shoot up out of any trading range you think they should be in.that's why I only have entry strategies, not exit ones.
It is worth remembering that it all started with delivering milk bottles. !!In July / August 1991 an offer of newly issued shares in the Bank was made to the public. 230 million shares, comprising 30% of its voting shares, were issued on 12 September 1991 at an issue price of $5.40.
.... I've still got mine.
yes, Mr Gumnut, are you suitably chastised?
Nice, I paid $12.30 for mine from memory,In July / August 1991 an offer of newly issued shares in the Bank was made to the public. 230 million shares, comprising 30% of its voting shares, were issued on 12 September 1991 at an issue price of $5.40.
.... I've still got mine.
yes, Mr Gumnut, are you suitably chastised?
@sptrawler @Dona Ferentes Fwiiw. CBA now below my sale price after it went ex divi.In July / August 1991 an offer of newly issued shares in the Bank was made to the public. 230 million shares, comprising 30% of its voting shares, were issued on 12 September 1991 at an issue price of $5.40.
.... I've still got mine.
yes, Mr Gumnut, are you suitably chastised?
It is worth remembering that it all started with delivering milk bottles. !!
gg
I badly misjudged this one and got out with a 10+% Capital gain plus the divie at just on $115 only to watch it march on to $120.
It is a good trading stock but when to get back in !
LOL Life is good eh. First world problems.
gg
I don't follow CBA, I had them a long time ago, but sold out when they were at multiple times the value of NAB, WBC and ANZ, so jumped ship for increased dividend with similar risk.@sptrawler @Dona Ferentes Fwiiw. CBA now below my sale price after it went ex divi.
When to buy back in !!
gg
I'm reluctant to buy anything at the moment.@sptrawler @Dona Ferentes Fwiiw. CBA now below my sale price after it went ex divi.
When to buy back in !!
gg
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