Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

73 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

CBA, COMMONWEALTH BANK OF AUSTRALIA
nipper
post Posted: Feb 6 2019, 11:10 AM
  Quote Post


Posts: 5,387
Thanks: 1960


CBA has delivered a cash profit for the half year of $4.68 billion, up 1.7 per cent despite higher funding costs, driven by strong home lending growth from its branches, lower operating expenses and bad debts falling.

Dividend steady at $2.00



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Feb 3 2019, 07:49 PM
  Quote Post


Posts: 5,699
Thanks: 2125


Hayne's Report due Monday - CBA Half Year results due Wednesday. Could be a nail biting time for shorters betting on bad outcomes re both issues. https://www.shortman.com.au/stock?q=cba
https://www.morningstar.com.au/Stocks/CorpCalendar
2019 Financial Calendar - February
Half year results and interim dividend announcement date
6 Feb 2019

Ex-dividend date for interim dividend
13 Feb 2019

Record Date for interim dividend
14 Feb 2019

DRP participation deadline
15 Feb 2019
Attached thumbnail(s)
Attached Image



 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Jan 21 2019, 10:20 AM
  Quote Post


Posts: 5,699
Thanks: 2125


QUOTE
Commonwealth Bank could cut its highly-prized dividend after it spins off its wealth management and mortgage broking arms, under one scenario being discussed by analysts.

As most of the big banks retreat from the wealth sector, CBA is this year planning to de-merge the Colonial First State superannuation and financial advice business, as well as Aussie Home Loans and advice businesses Count Financial and Financial Wisdom.

The spun-out business, dubbed NewCo, would be split off from CBA late this year, and could be worth as much as $3.2 billion, Morgan Stanley analysts say.
In a note to clients, the analysts say the deal is likely to further boost CBA's capital (on top of CBA's plan to sell its funds management arm) above a "conservative" level, but also create an "earnings hole" which could lead to a re-think on CBA dividends.

They say the deal will leave CBA will "excess" capital, which could lead to share buyback or 85c a share special dividend by June this year.

But they add that CBA's board could review its dividend policy in the 2020 financial year. They put forward three scenarios: a flat CBA dividend; a flat combined CBA/NewCo dividend; or a flat CBA dividend payout ratio
.
The first two scenarios would result in a "New CBA" dividend payout ratio about 80 per cent - while the third would lead to a dividend cut.

https://www.shortman.com.au/stock?q=cba
Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Dec 12 2018, 03:20 PM
  Quote Post


Posts: 5,699
Thanks: 2125


In Reply To: blacksheep's post @ Oct 8 2018, 03:11 PM

CBA hit with another $335m blow as fee-for-no service scandal widens and downsizing costs mount
QUOTE
The Commonwealth Bank's really bad and expensive year just got worse with another $335 million likely to be stripped from its 2019 bottom line by new costs dealing with regulatory compliance and plans to shrink its business.

Key points:
The bulk of the new costs relate to an additional $200m on top of an existing $270m provision for the the fee-for-no-service scandal
CBA also faces extra costs selling its scandal-plagued Comminsure Life business and demerging its wealth arm
The bank clawed back $135m in insurance from its disastrous $700m money-laundering fine
The new provisions are on top of the $1.1 billion of fines and "one-off" regulatory costs the CBA detailed in its 2018 full-year results.


But the market didn't seem to mind - what's another few hundred million - SP finished up 2.41% @ $70.08

Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 8 2018, 03:11 PM
  Quote Post


Posts: 5,699
Thanks: 2125


Schedule
Review of the Four Major Banks (Fourth Hearings)
PUBLIC HEARING
Thursday 11 October 2018
9.15 am Commonwealth Bank of Australia
1.15 pm Westpac

Friday 12 October 2018
9.15 am Australia and New Zealand Banking Group Limited

Friday 19 October 2018
9.15 am National Australia Bank

https://www.aph.gov.au/Parliamentary_Busine...Public_Hearings




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
plastic
post Posted: Sep 28 2018, 05:49 PM
  Quote Post


Posts: 8,790
Thanks: 279


While all of this was happening, who was the Chairman? And where is he now? Have a look at what is happening there. Seems he has the Midas touch in reverse.



--------------------
What did Uncle Mel do to us?
 


blacksheep
post Posted: Sep 25 2018, 10:33 PM
  Quote Post


Posts: 5,699
Thanks: 2125


Royal Commission interim report out by end of September
Analysts flag potential double-digit drop for CBA after Hayne inquiry

QUOTE
Morgan Stanley and Citi are flagging the potential of a double-digit fall in Commonwealth Bank shares if the royal commission into the financial services sector produces a harsher result than investors are expecting

https://www.afr.com/markets/equity-markets/...20180924-h15tg5

Citi is quoted saying shares could fall as much as 21% to a low of $57.25.

Overall, currently, short positions are not that high suggesting investors don't see such a fall happening - CBA's shares have fallen some 11% so far this year
Short positions @ 19th September, 2018 1.25%:
https://www.shortman.com.au/stock?q=cba

THE BIG FOUR BANKS (ANZ, CBA, NAB, WBC)
https://www.shortman.com.au/market
Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
mrbear
post Posted: Sep 17 2018, 02:40 AM
  Quote Post


Posts: 786
Thanks: 152


In Reply To: mullokintyre's post @ Aug 15 2018, 10:10 PM

We might whinge about our institutions but at the moment we are travelling through the balkan region and i can tell you aussie is worlds ahead. This place still has a big hangover from the communist days and if you want corruption and poor customer relations just come here. The people and and places are wonderful but the way they are run leaves a lot to be desired. Just like the attendant that walks out of his booth at a border crossing and doesnt come back for nearly 15 minutes and just leaves a heap of vehicles waiting in line , then when he does come back he lights up a smoke first. Ours are worlds ahead, cheers mrbear.

 
triage
post Posted: Sep 13 2018, 08:18 AM
  Quote Post


Posts: 3,701
Thanks: 1475


Could be an interesting morning for CBA and ASIC at the royal commission today.

Yesterday, the counsel assisting, Rowena Orr, spent a surprising amount of time talking to a CBA boss about a single heart attack victim who was denied a payout by CBA because of the definition of heart attack used at the time by CBA. So far I think it has been established that after some unaccepatable provarication to the client and to the Financial Ombudsman Service CBA eventually paid the customer what he would have been paid had they accepted that he'd had a heart attack. In part, this was brought to a head by a Four Corners story in early 2017 (?) that alleged that CBA had broken the law in how it handled claims for illnesses such as heart attacks. All good (and great for the customer affected) but hardly suggestive of some massive systemic problem like many of the previous case studies looked at by the royal commission.

But then yesterday afternoon Ms Orr moved onto the fact that ASIC had carried out an investigation of the claims made in the Four Corners story about CBA insurance. In late 2017 ASIC found that CBA had not broken any laws and within the bank this was seen as a massive victory. But Ms Orr then showed that since at least 2011 CBA was aware that its definition of heart attack fell well short of what was universely accepted by relevent international heart specialist organisations, was being advised by its own chief medical officer that the definition it was using was wrong and discriminatory but persisted with using that definition for commercial reasons. Moreover she seemed to suggest that ASIC, in preparing its final report on the Four Corners allegations, worked with CBA so that CBA could present itself in the best possible light. Again, I think it is worth noting that it was made quite clear that the way ASIC handled the issue was considered by CBA executives as a massive win for CBA.

Ms Orr may not attempt to join the dots here but my feeling is that she is not far from suggesting that for a number of years CBA wilfully ripped off its insurance policy holders and that ASIC gave CBA a free pass on that behavior. I suspect this will be another example of the regulator working too closely with the regulated.



--------------------
"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog

Said 'Thanks' for this post: mullokintyre  
 
blacksheep
post Posted: Aug 15 2018, 10:12 PM
  Quote Post


Posts: 5,699
Thanks: 2125


In Reply To: mullokintyre's post @ Aug 15 2018, 10:10 PM

Now we're talking Mick smile.gif



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


73 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING