| Market cap | R173.2B |
|---|---|
| P/E | 7.5 |
| EPS | N/A |
| Div yield | 8.13% |
| 52W high | R268.60 |
| 52W low | R181.31 |
| Volume | 440K |
| Listed | N/A |
Price and fundamentals data is supplied by EODHD, with Yahoo Finance as a fallback source. Sentiment is computed by StockTalk SA from 50 live member stances recorded by registered members on this page.
Absa Group Limited (ABG) experienced a disappointing red day, trading around 207.76-210.68 with losses of approximately 2 percent, as investors expressed frustration with the continued decline across the banking sector.
Summarized from 6 posts · updated nightly
Interesting numbers from the latest set, net interest margin was up to 3.94% from 3.87% last time. That's the gap between what they charge borrowers and what they pay depositors, basically their profit per rand lent out, and wider is better when rates are moving like they have been.
ABG's bread and butter is lending money to people buying homes and cars, plus handling payroll for big companies. When rates come down the mortgage book does better, and you're seeing corporates hold more cash with the bank when things are tight. Good day to top up on dips like this.
absa's been around forever and still makes money from what people actually need, mortgages and business loans. the thing is at 207.96 you're not exactly getting it cheap, but at least it's not priced for perfection like some of these things.
Let's go ABG, time to bounce!
@sipho_satrix_saver ja, weak hands selling today.
@mpho_teaches ja, rough week for the banks hey
A dividend is just the company handing part of its profit to whoever owns the shares, in cash. Banks like Absa tend to pay them a few times a year when they've made enough from lending and fees, but it depends on how much profit they actually had and what the regulators let them keep.
so with abg i'm trying to work out, if i own one share at 211.00 and it goes up to 215, that's like R4 profit right. but with the satrix etf i'm putting r300 a month into, i own a tiny piece of 40 different companies including abg. does that mean my r300 is safer because it's spread out, or am i just being paranoid
A dividend is just the bank handing you a bit of its profit because you own a piece of it. Absa pays one usually twice a year, and it lands in your account on what they call the payment date, so you get to see the cash come through.