CBA 0.46% $142.09 commonwealth bank of australia.

Orion-x,i have on good authority that the insto offer was not...

  1. 696 Posts.
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    Orion-x,

    i have on good authority that the insto offer was not only over subscribed but also targeted at long term holders.

    at nearly 7% F.F yeild, i sure many will be holding.

    My view that CBA will be trading around under $38 is the same veiw i have towards the general market ATM. My view is shared amoungst alot of other people as well.

    All i know is that for the insto holders who want to sell their 'insto only offer shares', will be selling into a rally,

    once all this general market mess clears.



 
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