I think shorters will well and truly be burnt today. Not because of the result, but because of the on-market buyback of shares for the DRP. You could bet your left nut that share price would go down in the DRP pricing period as instos churned shares amongst themselves to lower the DRP price. This time round, CBA will be buying back its own stock. They have also lengthened the DRP pricing period from 10-20 days to ensure they can pick up as much stock as possible cheaply in the DRP period.
I think the DRP will be "wellpriced" from CBA's perspective.
I think shorters will well and truly be burnt today. Not because...
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Last
$135.39 |
Change
1.230(0.92%) |
Mkt cap ! $226.5B | |||
| Open | High | Low | Value | Volume |
| $134.50 | $136.11 | $134.32 | $462.5M | 3.416M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1980 | $135.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $135.39 | 2342 | 1 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| CBA (ASX) Chart |