I believe the CBA result was widely anticipated and did not disappoint.
The dividend of $1.20 (+6%) was well below the profit increase and the payout ratio at 63% was below the more normal 65-72% normally expected. One reason may be the large growth in Home Loans (5-8% system, mabye 9-13% for CBA), but a Tier 1 of 9% and then 9.6-9.8% by June 30 implies room for a $1-2bn acquisition without equity issuance, and up to $4-5bn without strain (DRP, SPP, Insto placement).
At that level IFL (IOOF) at $1.5bn may achieve further movement in wealth (unlikely ACCC consequence), leaving AMP as a must acquire for ANZ (likely at $7.50-8.75) which would be dilutive, but at least keep them in step here.
I think Challenger is less likely for all.
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Last
$131.62 |
Change
-1.160(0.87%) |
Mkt cap ! $219.7B |
Open | High | Low | Value | Volume |
$131.35 | $131.75 | $131.20 | $57.44M | 437.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 53 | $131.60 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$131.63 | 121 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 133 | 131.640 |
6 | 146 | 131.630 |
6 | 259 | 131.620 |
3 | 178 | 131.610 |
4 | 162 | 131.600 |
Price($) | Vol. | No. |
---|---|---|
131.650 | 321 | 8 |
131.660 | 82 | 4 |
131.670 | 97 | 4 |
131.680 | 296 | 8 |
131.690 | 257 | 7 |
Last trade - 13.08pm 25/07/2024 (20 minute delay) ? |
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CBA (ASX) Chart |