CBA 1.54% $118.87 commonwealth bank of australia.

Is shorting this a no brainer?, page-1536

  1. 37,911 Posts.
    lightbulb Created with Sketch. 828
    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
 
watchlist Created with Sketch. Add CBA (ASX) to my watchlist
(20min delay)
Last
$118.87
Change
-1.860(1.54%)
Mkt cap ! $198.9B
Open High Low Value Volume
$119.02 $119.50 $118.08 $225.3M 1.902M

Buyers (Bids)

No. Vol. Price($)
2 2724 $118.84
 

Sellers (Offers)

Price($) Vol. No.
$118.88 50 1
View Market Depth
Last trade - 16.10pm 24/05/2024 (20 minute delay) ?
Last
$118.80
  Change
-1.860 ( 1.40 %)
Open High Low Volume
$119.27 $119.47 $118.08 225865
Last updated 15.59pm 24/05/2024 ?
CBA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.