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
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