This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

CBA - Commonwealth Bank of Australia

Jump to new
they talked about it, now the numbers are out

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

lol
at end of December
...
#1 Commonwealth Bank of Australia $975.4Mill
% of Portfolio ...9.7%
 
Dona Ferentes said:
they talked about it, now the numbers are out

AFIC sold a bunch of its biggest holding
Commonwealth Bank of Australia ...
Click to expand...
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
Click to expand...
.
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
 
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
 
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.
 
You must log in or register to reply here.

Similar threads

M
WEF corrupts countries
Replies
6
Views
400
SirRumpole
T
Trender's Price and Volume trading
2
Replies
22
Views
2K
trender
T
Interactive brokers and Australian tax
Replies
2
Views
3K
lewischan
L
OZXX - Global X Australia ex Financials & Resources ETF
Replies
1
Views
1K
divs4ever
Australian trading US stocks
Replies
15
Views
2K
christrad
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...