Longhair...
Our major banks and their value is simply a reflection of the economy as a whole and/or it's outlook. Right now the banks have come off because of nervousness about the future. If the economy turns down then so will the banks and your valuations may come true, but if we survive with growth intact then the banks will continue to perform solidly.
As for the reflection on CBA and Qantas being former government enterprises, versus those that have always been private...I would observe as having been on both sides of the fence, CBA's management is at least as good (if not better) as its peers. But no management is beyond making mistakes.
regards
DF
banks and their worth, page-5
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Last
$132.60 |
Change
-0.180(0.14%) |
Mkt cap ! $221.9B | |||
| Open | High | Low | Value | Volume |
| $131.35 | $132.60 | $131.20 | $235.9M | 1.784M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1325 | $132.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $132.60 | 17326 | 4 |
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| CBA (ASX) Chart |