The recent share raising at $71.50 will fail as the market price will fall today below $70
This was necessary to satisfy prudential lendin requirements
In addition CBA is over exposed to the Sydney market where houses have been sold at $4m
It is only a matter of time before this turns from dream to nightmare for CBA
how to raise capital?
they can go to market at a lower level say $61 a share
but what if the market falls below this
they can stop paying out dividends
if they do that the share price will fall
they can reduce house lending
if they do that the housing market will fall but then other houses they will lend on will be less saleable
CBA share price is now in serious trouble
get out today
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Last
$138.13 |
Change
3.230(2.39%) |
Mkt cap ! $231.1B |
Open | High | Low | Value | Volume |
$137.04 | $138.13 | $136.54 | $588.4M | 4.427M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 122 | $137.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$138.15 | 1500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1 | 137.730 |
2 | 4000 | 137.700 |
1 | 45 | 137.300 |
1 | 185 | 137.270 |
1 | 1000 | 137.200 |
Price($) | Vol. | No. |
---|---|---|
138.150 | 1000 | 1 |
138.160 | 1095 | 1 |
138.180 | 250 | 1 |
138.200 | 6770 | 6 |
138.210 | 60 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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CBA (ASX) Chart |