Great perspective. I made the same points. Whilst the banks have healthy capital ratios, I am selling into this temporary artificial buy-back strength, just as I bought it when they were trading so low 16 months ago. NAB literally sold shares at $14 and is now buying them back at $27. I will take the opposite side to that trade every time thanks.
Look froward to seeing them again in 2022/3 we have a taper tantrum/US housing crash and they issue shares again....
Ann: CBA announces $6 billion off-market share buy-back, page-35
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Last
$141.65 |
Change
-1.310(0.92%) |
Mkt cap ! $237.0B | |||
| Open | High | Low | Value | Volume |
| $143.40 | $143.58 | $140.94 | $280.9M | 1.991M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10164 | $141.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $141.65 | 1641 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| CBA (ASX) Chart |