Interesting to note that CBA is only offering a 1.5% discount for those shareholders electing to utilise the DRP.
Now compare this to NAB's latest DRP discount of 3%.
Maybe im just thinking outside the box too much, but i use these kind of indicators as an informal guide as to how much the bank needs capital.
The bigger the discount the greater the chance of shareholders electing to use the DRP, however the bigger the future dilution from the DRP (both in terms of pricing and the number of shareholders electing to use it).
So this is implying to me that CBA is done with its cash grabs and is now focusing on trying to increase future EPS.
Or maybe this is just pure speculation on my part.
cba drp pricing
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Last
$155.13 |
Change
2.290(1.50%) |
Mkt cap ! $259.6B | |||
| Open | High | Low | Value | Volume |
| $154.00 | $155.13 | $152.53 | $380.0M | 2.475M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 923 | $154.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $155.13 | 4595 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CBA (ASX) Chart |