CBA Tier 1 Cap is 8.75%. It will be 8.45% after dilution effect of Bankest according to their CFO, as disclosed during the analysts breifing on 11/2/09.
Share placement is not needed to raise capital. It is solely being offered to retail investors so they are not diluted, due to the insto placement last year.
Short term I agree that this stock is poised for breakout. The fundamentals of the result were very strong. $1.3bn increase in bad debts (i.e. $900m post tax) while cash profit was only down $250m. Roughly this is an increase of $650m on underying profit for half, or 20-25%. This still has not been completely factored in by market.
Only downside is more bad news from overseas financial sector. Otherwise look for $35-$40 price in March.
I also like the other banks. They are even more undervalued and will rise sharply like cba after they report
now its the time to sell, page-37
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Last
$143.32 |
Change
0.280(0.20%) |
Mkt cap ! $239.8B | |||
| Open | High | Low | Value | Volume |
| $142.65 | $143.75 | $142.36 | $215.5M | 1.505M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1200 | $143.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $143.32 | 1662 | 1 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| CBA (ASX) Chart |