Great analysis Gwaihir. Thank you.
I would be stunned if we see anything more than a 1c FF dividend and I think the CBA are betting the same.
As we all know, AMI is not in a similar financial situation when the Board declared a 2c FF a couple of years ago, and we have a LOT more shares on issue. So from a CBA perspective, it's a pretty sound bet and they can short these shares at least until the FY announcement in the next couple of weeks. From memory last year there was a long lead time before the stock went ex-dividend and we saw a lot of manipulation. If this occurs again this year then the CBA will simply "rinse and repeat" buying back a lot of cheap shares for a higher dividend yield.
Either way you are right Gwaihir, it will be interesting to see what they do.
All the best.
KKR
Ann: Becoming a substantial holder from CBA, page-7
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $376.3M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.5¢ | $1.264M | 5.727M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 941952 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 233473 | 14 |
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| Last trade - 11.44am 12/07/2024 (20 minute delay) ? |
| AMI (ASX) Chart |