I think the franking at 33.3% could be a problem as a company you would lose 9 Cents in tax. Then there is the renewal of the CBA contract ,which others have said is end of 2025.
This is a good price if all things remain the same. I don't think they will -CBA will look at profits and try to claw some back. I expect lower returns and thus lower distributions. However in absolute terms the yield is good and even lower would still get me to invest.
You also have to understand many people are sheep- downgrade to neutral means sell and move on to the next shiny thing.
My view is that LMI is going to be around and this is pretty close to being covered by assets.
I think the franking at 33.3% could be a problem as a company...
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$4.04 |
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