My broker believes that CBA are short on Capital reserves and their revamp in 6 weeks will involve a Capital raising. This will damage their share price.
An indicator that this may be true was that they didn't buy stock for their DRP yesterday. instead they issued new stock. New stock is free for them but dilites everyone's holdings and is ultimately bad for the share price.
I'm very bearish on CBA and don't/won't own it.
Anyone heard the same or different?
Cheers
cba : low on capital reserves
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Last
$89.16 |
Change
0.020(0.02%) |
Mkt cap ! $158.1B | |||
| Open | High | Low | Value | Volume |
| $88.94 | $89.32 | $88.75 | $62.78M | 712.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 154 | $89.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $89.20 | 167 | 6 |
View Market Depth
| Last trade - 12.23pm 23/04/2021 (20 minute delay) ? |
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Last
$89.09 |
Change
0.020 ( 0.18 %) |
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| Open | High | Low | Volume | ||
| $88.87 | $89.32 | $88.73 | 62735 | ||
| Last updated 12.42pm 23/04/2021 (live) ? | |||||
| CBA (ASX) Chart |