Glencore went down 8% yesterday due to a money laundering probe. If u applied that logic to CBA or if Australia took money laundering seriously CBA worth be worth about $67.
However Australia has been in a frump on governance, risk and compliance for 230 years, hopefully it will not be another 230 years to get out of the frump.
Just look at Glencore down 8% due to a money laundering "probe".
If the ASX market participants were marked down like that, just think what the market would be comprised of: in stead of banks, mining companies, biopharma serum companies there would be others such as legal "partnership" companies, contracting companies and IT/ tech companies, a sort of NASDAQ and there would be no place for CBA.
The banks and financial service companies would be all sold off as insolvent things to foreign banks like what happened in NZ under Labor all those years ago.
Glencore went down 8% yesterday due to a money laundering probe....
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Last
$155.13 |
Change
2.290(1.50%) |
Mkt cap ! $259.6B | |||
| Open | High | Low | Value | Volume |
| $154.00 | $155.13 | $152.53 | $380.0M | 2.475M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 923 | $154.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $155.13 | 4595 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CBA (ASX) Chart |