CBA - Commonwealth Bank of Australia

[TimeISmoney]

Not sure, can not see easily unless i am on the PC. Will try to keep an eye

They could have been there before you sold but thought someone might have tried to flip them straight away.

 

[qldfrog]

They could have been there before you sold but thought someone might have tried to flip them straight away.

View attachment 191242

When i entered my sell at $9.75, someone else had a sell at $9.78, that us all i saw then, the buy where in the $8 something
Sorry i have not more data, did not expect to sell today honestly

 

[Dona Ferentes]

they talked about it, now the numbers are out

AFIC sold a bunch of its biggest holding
Commonwealth Bank of Australia ... $190,178,000

During the period a significant amount of realised taxable gains were incurred from sales as market valuations became stretched and some portfolio positions were reduced. The largest sale in this context was a small proportion of the holding in the Commonwealth Bank of Australia.

lol

These sales will generate franking credits from the tax payable on these transactions which further reinforces AFIC’s franking reserves. However, the trimming of portfolio positions where tax is payable also impacts reported portfolio returns as AFIC’s performance is reported after tax paid and costs.

at end of December
...
#1 Commonwealth Bank of Australia $975.4Mill
% of Portfolio ...9.7%

 

[Dona Ferentes]

they talked about it, now the numbers are out

AFIC sold a bunch of its biggest holding
Commonwealth Bank of Australia ...

and another LIC has been selling:

Argo’s underweight exposure to Commonwealth Bank (4.9% of the investment portfolio compared to 9.4% of the Index) detracted from performance

.
recent CBA trading seems to have formed a ceiling ,...

which way shares move , for our biggest building society, will probably come to light soon. All eyes will be on CBA next Wednesday.

Things to take into account:
- a new 'war' for home loans?
- Net Interest Margin .. spread between the average variable mortgage rate and the official cash rate had narrowed by about 0.03 per cent for owner-occupier loans and about 0.05 per cent for investor loans..
- keeping as many mortgage sales as possible in house; last year it sold 66 per cent of home loans via its proprietary channels and just 34 per cent via brokers.
- business lending, which grew at 12 per cent during December, offers better margins and less competition

 

[TimeISmoney]

Looks like a big selloff already starting @Dona Ferentes.

 

[Dona Ferentes]

Looks like a big selloff already ].

View attachment 192672

new ATH, hit $161.73 just now

 

[Dona Ferentes]

Commonwealth Bank announced that solid lending growth and sound credit quality helped drive a $5.13 billion first-half profit – beating expectations.

The bank raised its dividend to $2.25 per share

 

[farmerge]

Commonwealth Bank announced that solid lending growth and sound credit quality helped drive a $5.13 billion first-half profit – beating expectations.

The bank raised its dividend to $2.25 per share

@Dona Ferentes Only $5 billion for six months wow

 

[embryo]

@Dona Ferentes Only $5 billion for six months wow

I'm happy with CBA

 

[farmerge]

I'm happy with CBA

I'm happy with CBA

When CBA was floated coulda, shoulda but didn't.
Hindsight is a wonderful thing,

 

[Dona Ferentes]

I'm happy with CBA

ditto

today's action ... close on [all time] High

 

[JohnDe]

I'm happy with CBA

It keeps defying gravity.

 

[Dona Ferentes]

It keeps defying gravity.

the pull is on

ex dividend but down twice as much today

 

[qldfrog]

the pull is on

ex dividend but down twice as much today

My option is at 156 from memory , nearly there.. please

 

[farmerge]

the pull is on

ex dividend but down twice as much today

But CBA is still above the opening SP at 8.15 WST

 

[Rabbithop]

How low can it go after XD n with today's red sea

 

[Dona Ferentes]

bounce

opened at $149.90, soon after was as low as $148.98, now $153.01

 

[Rabbithop]

Thank Goodness for retirees

 

[Dona Ferentes]

Thank Goodness for retirees

thank heavens for traders

 

[Sean K]

This is cocking up the index at the moment. Along with BHP treading water.

Mums and Dads shouldn't be worried if they bought the IPO at 6 bucks or whatever it was. Bloody hell, if you were a visionary back then with a spare $20k you'd be set.

For Australian sharemarket investors, it’s the elephant in the room: The market’s favourite stock, Commonwealth Bank, is ridiculously expensive.

Certainly, stockbrokers have been calling the biggest of the big four banks a ‘‘sell’’ for months. But, the brokers have been wrong for months … perhaps not for much longer.

CBA fell by more than 8 per cent last week as bank stocks had their worst week in more than four years. Traders noted how CBA fell by more than the wider index — and in one session was sold off more sharply than its rivals ANZ, NAB and Westpac.

But, for more than 800,000 mum and dad shareholders the primary fear is that CBA would need to fall by around one-third to drop to a level most experts now indicate as fair value.

To be precise, CBA would need to plunge from today’s level near $154 to around $107 in order to reach the so-called ‘‘consensus price target’’.

What’s more, as the bellwether stock for the wider ASX, any decline in the fortunes of the bank will immediately feed into the overall tempo of Australian share trading. CBA has been the outright winner among our blue chip stocks as rival banks barely kept up and miners drifted towards the bottom of their cycle, with BHP and Rio cutting dividends.