What utter garbage. Comparing apples with oranges gives you a great vent, but its totally wrong. Never say never about a looming correction, but at least give some compelling arguments!
MY EV is much much bigger than my "GDP", so what? A meaningless statement. The combined EV of all our listed companies should be substantially bigger than the country's GDP. Something would be terribly wrong if it were otherwise.
Comparing CBA's EV to companies such as BP, etc, is also meaningless. Their risk profiles and their position in the economy are completely different. Oil prices can collapse to be uneconomic. A bank's services cannot (in theory! We will always need them.) So, another meaningless comparison.
There is obviously a complete lack of understanding of our banking sector vs, say, the USA's. Fundamental differences void comparisons (something as simple as recourse loans vs non-recourse loans, as a simple example).
Australian bank valuations may be overly done, but please at least use comparative facts to make the point, not some naïve observations.
- Forums
- ASX - By Stock
- CBA
- 3 reasons to sell your cba shares
3 reasons to sell your cba shares, page-303
-
- There are more pages in this discussion • 175 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CBA (ASX) to my watchlist
(20min delay)
|
|||||
Last
$139.60 |
Change
0.000(0.00%) |
Mkt cap ! $233.6B |
Open | High | Low | Value | Volume |
0.0¢ | $141.34 | $139.03 | $109.5M | 897.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 472 | $150.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$120.52 | 2426 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 472 | 150.810 |
2 | 199 | 150.000 |
1 | 9 | 142.000 |
4 | 56 | 140.000 |
1 | 265 | 139.840 |
Price($) | Vol. | No. |
---|---|---|
120.520 | 1926 | 1 |
124.450 | 778 | 3 |
125.000 | 700 | 1 |
125.880 | 9 | 1 |
126.350 | 276 | 4 |
Last trade - 09.41am 21/08/2024 (20 minute delay) ? |
Featured News
CBA (ASX) Chart |
Day chart unavailable
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online