CBA 0.81% $126.94 commonwealth bank of australia.

Is shorting this a no brainer?, page-1536

  1. 37,911 Posts.
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    i don't know much about it. I just read:

    * Recently, on 2 August, we completed the sale of our global asset management business, Colonial First State Global Asset Management, for $4.2 billion

    * a post-tax gain on sale of approximately $1.5 billion, which means tax payable of $0.64 billion, which means net sale cash amount of $3.56 billion

    * CFSGAM’s unaudited pro forma FY19 net profit after tax of $218 million, which seems to mean $218 million less profit for next year

    * The transaction is expected to deliver an increase of approximately $3.1 billion of Common Equity Tier 1 (CET1) capital, which seems to mean only $0.46 billion left over for buyback or special dividend

    * since CBA targets 75% payout ratio for dividends, its seems the dividends were overpaid this year by $1.3 billion

    as i said, i don't know much about CBA. maybe someone can correct any wrong assumptions/conclusions i made

    regards
    Last edited by ddzx: 07/08/19
 
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