I guess these gents don't like CBA. Interestingly CBA makes $10,000,000,000 profit a year and pays $4.50 a share or around 3.6%. CKF turns over $1.3b, 7 times less than CBA' s profit. $202m profit EBITDA. 3.2% dividend yield. I know where I would be putting my money.
Anyone over 40 don't give a sh*t either about which bank. Whoever gives the best rate/products convenience is the key; not age. Your flippant remarks regarding old time bank managers is just that: flippant. Knowing the local manager and having a relationship your bank/branch was KEY to having a favourable position when it came time to borrowing funds. I think we all need to give Luke Laretive and Seneca Financial Solutions a wide berth.
Most ppl use mortgage brokers to get a product that works for them as an alternative to a relationship with a bank manager. I found that these guys made some really great points
It's noteworthy that CBA has been focusing in recent periods on increasing its market share in business lending where margins are more defensible than home lending. I'm not sure where your guests extracted their figures for CBA over 10 years. Figures from CMC Markets for 10 years are: CBA FY2023 EPS 609.1 cents FY2013 EPS 470.5 cents Up 29% over the 10 years Your guests prefer ANZ and Westpac (WBC). Their 10 year EPS figures are: ANZ FY2013 to FY2023 Up 9% WBC FY2013 to FY2023 Down 8% The figures speak for themselves and its well known that CBA is a technology leader among the major banks, and has the best management. Hence it trades at the highest multiple. Agree with the comments regarding the quality of ARB and its bright prospects (don't forget the upside from Truckman in the UK which is now beginning to perform well). Little brother PWH is quickly following in ARB's footsteps - expanding in the US and UK!!
CBA would be benefit from higher real estate prices because people will need to borrow larger amounts of money to buy homes, so this would increase CBA's profit.
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I guess these gents don't like CBA. Interestingly CBA makes $10,000,000,000 profit a year and pays $4.50 a share or around 3.6%. CKF turns over $1.3b, 7 times less than CBA' s profit. $202m profit EBITDA. 3.2% dividend yield. I know where I would be putting my money.
Look at growth of earnings over time, and growth of dividend over time. That’s what they were saying.
Anyone over 40 don't give a sh*t either about which bank. Whoever gives the best rate/products convenience is the key; not age. Your flippant remarks regarding old time bank managers is just that: flippant. Knowing the local manager and having a relationship your bank/branch was KEY to having a favourable position when it came time to borrowing funds. I think we all need to give Luke Laretive and Seneca Financial Solutions a wide berth.
Most ppl use mortgage brokers to get a product that works for them as an alternative to a relationship with a bank manager.
I found that these guys made some really great points
i think you need to wake up and smell the roses
@@davidmaclean9145 sniff sniff.
If I had CBA shares I'd just sit on them forever rather than make a broker rich.
Luke is an absolute handful and I love it! Get him and Ben back.
It's noteworthy that CBA has been focusing in recent periods on increasing its market share in business lending where margins are more defensible than home lending.
I'm not sure where your guests extracted their figures for CBA over 10 years. Figures from CMC Markets for 10 years are:
CBA
FY2023 EPS 609.1 cents
FY2013 EPS 470.5 cents
Up 29% over the 10 years
Your guests prefer ANZ and Westpac (WBC). Their 10 year EPS figures are:
ANZ FY2013 to FY2023 Up 9%
WBC FY2013 to FY2023 Down 8%
The figures speak for themselves and its well known that CBA is a technology leader among the major banks, and has the best management. Hence it trades at the highest multiple.
Agree with the comments regarding the quality of ARB and its bright prospects (don't forget the upside from Truckman in the UK which is now beginning to perform well). Little brother PWH is quickly following in ARB's footsteps - expanding in the US and UK!!
CBA would be benefit from higher real estate prices because people will need to borrow larger amounts of money to buy homes, so this would increase CBA's profit.
That’s funny about ARB , My Partener was a fan of ARB , but after her last visit Totally not impressed 😳😳😢😢
It's funny that I've made so much money 💰 on arb
Moar finance bros for contrarian opinions plz