Correction, page-152

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patrick2

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15/10/24

18:22

Post #: 76134681
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Originally posted by JUSTBOB: ↑

The fact is that CBA is no longer a good stock to own as the yield on the current price is too low. As for buying it now, you would need psychic help as there is little to gain & far better prospects elsewhere.

Being able to lock in your profits & move on to other investments seems a good outcome.

The shares have risen nearly 172% in the last 4 & a half years to a point where they are no longer worthwhile keeping for the dividend & the significant chance of a major correction.

What, from now, is the upside potential? Do you really believe the yield will go under 3%? At 3% the price would be $155.00. A 4% yield would mean a share price of $116.25. Conversely, 3.5% yield gives a share price of $132.86. The latter would seem to be more realistic in the current circumstances, but a total market correction would bring it down even further.

Why then would you want to buy at close to $140 when a more realistic price is under $133.00?

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The market disagrees with your facts.

CBA Price at posting: $139.29 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $189.60		Change -1.110(0.58%)		Mkt cap ! $317.9B

Open	High	Low	Value	Volume
$190.50	$191.06	$189.58	$110.1M	589.6K

Buyers (Bids)

No.	Vol.	Price($)
3	87	$189.58

Sellers (Offers)

Price($)	Vol.	No.
$189.60	63	2

View Market Depth

No.	Vol.	Price($)
5	89	189.910
9	654	189.900
4	92	189.890
4	206	189.880
2	61	189.870

Price($)	Vol.	No.
189.940	80	2
189.950	129	3
189.960	185	5
189.970	131	3
189.980	73	3

Last trade - 11.00am 27/06/2025 (20 minute delay)

CBA (ASX) Chart

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