BEN - Bendigo Bank

[frugal.rock]

Have exited today on the swelling (small loss + brokerage loss), decided against it for now after hearing around 60% of loan originations are in Victoria and in my opinion, we haven't even got to loan deliquancy stage yet.
Most who have had loans called, were already heading that way.
RBA expected to cut rates, further squeeze on profits, loans will pick up over time though.
Will keep an eye on the situation, but, not for at the moment.

 

[PZ99]

When the SP surpassed that of BOQ recently I switched for the divvy.

 

[Miner]

BEN released an excellent financial record with everything towards north excepting market pushed the SP dived down south.
Could not understand why as the metrics shown were impressive.
Only down fall would be the dilution of share capital with Ferocia acquisition. But I felt with escrow, it was an opportunity.
Let me hear from the experts however.

 

[divs4ever]

i wouldn't call myself an expert , the BEN results looked OK to me

plenty of uncertainty to come but that is where we are currently , and not a lot that BEN can do about that without a merger( take-over target on it's bank )

mine owe me $7.13 , so am not inspired to buy ( more ) or sell

DYOR

there is usually some 'insider gossip' about the second tier banks merging but that hasn't happened in the last 5 years , so might not happen this year either

 

[KevinBB]

there is usually some 'insider gossip' about the second tier banks merging but that hasn't happened in the last 5 years , so might not happen this year either

The lack of insider gossip, to me, is an indication that mergers might be closer than we think.

KH

 

[divs4ever]

well MYS has been hungry for years since they grabbed The Rock , but who is small enough for them to buy ( ABA might cause ACCC issues )

somebody claimed BOQ was trying for a jaw-dropper but bought ME and let's face it , they have continued to be a little disappointing maybe they should put a brake on the revolving door on the boardroom , first

a complete left-field would be WES jumping into this sector they have expressed the desire in the past , but didn't grab GMY ( or whatever it is now ) , surely they wouldn't take over BOQ , BOQ needs work but above $8 doesn't sound like WES

 

[KevinBB]

I don't own Bendigo & Adelaide Bank, and they haven't been on my watchlists for quite a while, but what made me start thinking about BEN, and prompted my earlier response, was that they recently started advertising on NSW television touting themselves as one of the big 5.

That might not be so unusual, but I've been back in NSW for 2 or 3 years now, and I've never seen them advertise like this on television before. Maybe it is just that I don't watch enough television ...

KH

 

[spratty84]

I got into ben as well three of the big 4 nab anz wbc during the lows last year so the current dividends are a very healthy rates of return with a large margin of safety. So if ben keeps plodding away making tidy profits i will stay a happy camper.

 

[divs4ever]

by $ value

my bank stocks are

1. MQG

2. BOQ

3. VUK

4. SUN

5. ABA

6. BEN

7. MYS

8. WBC ( a very small amount of DRP shares after i sold WBC ex-div. )

with MQG being more than the rest of the 'banks' combined

i also have exposure ( of the major banks ) via various LICs and ETFs

cheers

 

[Knobby22]

Use to own. They're a good little bank. Pretty well priced though above $10.
5% yield with new competitors such as Applepay, Afterpay and Athena (the 3 A's) cutting their lunch. Not for me.

 

[Miner]

by $ value

my bank stocks are

1. MQG

2. BOQ

3. VUK

4. SUN

5. ABA

6. BEN

7. MYS

8. WBC ( a very small amount of DRP shares after i sold WBC ex-div. )

with MQG being more than the rest of the 'banks' combined

i also have exposure ( of the major banks ) via various LICs and ETFs

cheers

Where is CBA and NAB

 

[dyna]

A reliable dividend-paying stock for the lazy investor, this plodder. BEN is never gonna shoot the lights out, unless there is a merger out there, somewhere.
That was a big whack to the S.P. today on huge volume. Some big holder must be upset about something...what's wrong with the result, though ? Cost to income ratio...a bit steep at 60%. Not much else to moan about, so I'll keep holding.

 

[divs4ever]

Where is CBA and NAB

i needed to force GROWTH and in 2011 ( and since ) i could see no sensible path of growth , the ACCC will continue to limit any meaningful M&A activity in the 'big 4' so therefore chose the lesser banks , who had room to move and acquire meaningful skills

 

[Mr Flibble]

I bought at $9.92. Surely can only go up from there

They seem pretty switched on, positive customer reviews, streamlining of digital services can will lead to greater efficiencies. The acquisition of Ferocia with it's 'Up' app seems like a good thing.

 

[frugal.rock]

BEN results out on Monday.
Looking at picking up some today...

 

[Mr Flibble]

I bought at $9.92.

Just saw my typo.... I bought at 8.92

 

[divs4ever]

better @ $8.92 than a dollar dearer

good luck

 

[frugal.rock]

Bendigo and Adelaide Bank 2022 Interim Financial Results
14 February 2022
Bendigo and Adelaide Bank
(ASX: BEN),

Australia’s fifth-largest retail bank, today announced its results for the half year ending
31 December 2021.

» Statutory net profit: $321.3 million, up 31.7 percent1

» Cash earnings after tax: $260.7 million, up 18.7 percent1

» Net interest margin: 2.09 percent, down 14 basis points on 2H21

» Total income on a cash basis: $873.4 million, up 2.9 percent1

» Credit expenses: ($17.8m write-back), down significantly1

» CET1: 9.85 percent, up 49 basis points1

» Cash earnings per share: 47c, up 13.5 percent1

» Fully Franked Dividend: 26.5 cents per share

» Dividend Reinvestment Plan with a 1.5 percent discount2

» Total lending: $73.8 billion, up 2.1 percent on 2H21

» Residential lending: 1.1x system up 8.4 percent3

» Total funding: $81.9 billion up 5.1 percent on 2H21, with customer deposits up 6.6 percent on 2H21

 

[frugal.rock]

BEN results out on Monday.
Looking at picking up some today...

So was in on Wednesday, out on Friday (profit), in again on Friday close, out today. (profit)
Cracker of a day.

I'm pleased it wasn't a case of
BEN Dover...?

 

[divs4ever]

am up 35% on my purchase price , could be worse ( BOQ up 13% despite the extra effort , ) but not as good as MYS , up 60% or MQG up 625%

very much a game of timing your buying , and picking the better banker

DYOR

( but am NOT unhappy with BEN just the same )