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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Last
$118.87 |
Change
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Mkt cap ! $198.9B |
Open | High | Low | Value | Volume |
$119.02 | $119.50 | $118.08 | $225.3M | 1.902M |
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No. | Vol. | Price($) |
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2 | 2724 | $118.84 |
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1 | 285 | 118.780 |
1 | 10 | 118.650 |
1 | 200 | 118.600 |
1 | 400 | 118.520 |
Price($) | Vol. | No. |
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118.880 | 50 | 1 |
119.000 | 355 | 3 |
119.090 | 59 | 1 |
119.250 | 45 | 1 |
119.490 | 200 | 1 |
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$118.80 |
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Change
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