CBA shares Interesting to see the reaction of the share price after the ABC today. As we write, the shares of ABC are slightly following the announcement yesterday of 13 year CBA record earnings. This is somewhat surprising, since the result was better than analysts expected. There were the usual comments on the quality and CBA shares composition, but it seems difficult to escape the conclusion that the result was fundamentally better than expected.
Comments prospects also seem to present particular problems. In summary, ABC currently expects 2014 will feel a bit as the year comes to pass. It does not seem too scary. The only thing that seems to be a problem with the CBA shares result that the ABC has not announced a special dividend. From our point of view, the absence of a special dividend makes one iota of difference to the assessment of the ABC, while better than expected earnings, has a positive effect defined. So where do we find an explanation for the market shares ABC pushing down?
CBA shares we can see two possibilities: first, the formal outcome of the table, it can be an acceptance that, at current levels, the CBA is expensive. We agree with this, but we wonder why today is the day to acknowledge. The second possibility is that the market is not having enough respect for the value of the evaluation of the actions of the CBA, but rather focuses on CBA shares revenue sharing CBA delivered. Under this logic, deduction of dividends = less attractive. Under any view, it does not look like a good time for investors to long-term value of ABC accumulate shares, regardless of the outcome of profit CBA shares.
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