Page 1 of 1

Fats.....need inside info

Posted: Tue Nov 21, 2017 1:08 pm
by callmeslick
is Commonwealth Bank(Australia) on the verge of some big windfall or something? For some reason, the folks managing one of my investment accounts just dumped like $10,000 worth of German investment bank stock to help purchase about $17,000 worth of Commonwealth stock. The fund involved is aimed toward growth with dividend income, so I was wondering if great things are happening to banking down Under?

Re: Fats.....need inside info

Posted: Tue Nov 21, 2017 5:55 pm
by Reservoir_Dog
It's the Illuminati.

Re: Fats.....need inside info

Posted: Wed Nov 22, 2017 6:37 am
by fatman
No idea bud a month or so ago there was talk of a class action due to money laundering and maybe fed action, but i would think its pretty safe they have like never failed to not make money that i recall last profit report was like 9 billion

Re: Fats.....need inside info

Posted: Wed Nov 22, 2017 9:05 am
by callmeslick
probably some dividend distribution coming up.

Re: Fats.....need inside info

Posted: Thu Nov 23, 2017 5:06 am
by fatman
callmeslick wrote:
Wed Nov 22, 2017 9:05 am
probably some dividend distribution coming up.
Well if i recall right they pay out 70%

Re: Fats.....need inside info

Posted: Thu Dec 07, 2017 6:29 am
by fatman
And it looks like the royal commission is a go just spit balling here but they will likely take a hit but more than likely bounce back, also housing is starting to take a bit of a dive and thats their big money maker so make of that what you will