I believe the CBA result was widely anticipated and did not disappoint.
The dividend of $1.20 (+6%) was well below the profit increase and the payout ratio at 63% was below the more normal 65-72% normally expected. One reason may be the large growth in Home Loans (5-8% system, mabye 9-13% for CBA), but a Tier 1 of 9% and then 9.6-9.8% by June 30 implies room for a $1-2bn acquisition without equity issuance, and up to $4-5bn without strain (DRP, SPP, Insto placement).
At that level IFL (IOOF) at $1.5bn may achieve further movement in wealth (unlikely ACCC consequence), leaving AMP as a must acquire for ANZ (likely at $7.50-8.75) which would be dilutive, but at least keep them in step here.
I think Challenger is less likely for all.
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Last
$127.86 |
Change
2.480(1.98%) |
Mkt cap ! $213.9B |
Open | High | Low | Value | Volume |
$126.51 | $127.86 | $126.19 | $177.2M | 1.394M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | $127.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$127.88 | 13768 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11 | 127.480 |
1 | 2205 | 127.310 |
1 | 177 | 127.290 |
1 | 79 | 127.230 |
1 | 2205 | 127.210 |
Price($) | Vol. | No. |
---|---|---|
127.890 | 172 | 1 |
127.900 | 7147 | 5 |
127.910 | 2205 | 1 |
127.940 | 10917 | 2 |
127.950 | 13245 | 4 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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CBA (ASX) Chart |