CBA 4.18% $66.99 commonwealth bank of australia.

bankwest acquisition

  1. 82 Posts.
    the recent bankwest acquisition was well below asset value. sp seems to only respond to negativity in the current climate. i suspect that even with the 1billion in writeoffs the SP has been massively oversold. The bussiness should generate additional cash flow as a result of the uncertainty as customers flock to 3 main banks (especialy cba) in search of some security to their deposits. i think we just need to see some strong numbers comethrough on the cashflow side and this will be right back up to $40. IMO 30 bucks for cba is a joke. then again i thought they were kidding at 35.90 when i went all in.
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