BEN - Bendigo Bank

[rcw1]

Good morning
Some good SP gain today (13/12/22) on the back of an announcement:
Bendigo Bank reports as 22 per cent on-year lift in FY23 to date earnings, with low arrears and expects earnings tailwinds to continue in 2H23.

Nice

Holding

Have a safe and happy Christmas and prosperous New Year.


Kind regards
rcw1

 

[divs4ever]

good morning ,

glanced at the ann . but have been focused elsewhere ( other stocks )

BEN moved the wrong way for me ( to add more cheap )

SUN is still trying to unload it's banking business that MIGHT help BEN a little

i hold BEN and SUN

cheers and good luck everyone

 

[rcw1]

Good evening
No posts since 13/12/22 ...

Dividend

Now then...
On 25 March 2024 Bendigo and Adelaide Bank Limited (ASX: BEN) successfully completed the Offer of Capital Notes 2 (CN2), issuing 3,000,000 CN2 at $100 each, raising $300 million of Additional Tier 1 capital. Allocation policy Allocations of CN2 to Syndicate Brokers and Institutional Investors were determined under the Bookbuild. Allocations to individual Applicants under the New Money Offer were at the discretion of the relevant Syndicate Broker. Applications from Eligible CPS4 Holders under the Reinvestment Offer, where an Allocation of CN2 was received under the Bookbuild, were accepted in full. Applicants should contact their Syndicate Broker to confirm their Allocation. Trading on the ASX CN2 are expected to commence trading on the ASX under the code BENPI on a normal settlement basis on 26 March 2024.

Published: 19/02/24

rcw1 don't like banks. Have'nt held a bank stock for long time... years. They pi55 rcw1 off. Anyways, might keep an open mind with this stock...

 

[rcw1]

Good evening

Nice SP high today (17/05/24)... Couple of announcements helped, see attached.

Trading Update (unaudited financial results for the ten months ending 30 April 2024, year to date)
• Unaudited cash earnings (after tax)1 year-to-date (YTD) of approximately $464 million, down 2.3% on prior corresponding period (PCP).
• Net Interest Margin (NIM) post revenue share arrangements YTD of 1.87%. YTD NIM pre revenue share arrangements of 2.30%. The April 2024 exit NIM was higher than the YTD average.
• Credit expenses remain at low levels across all portfolios.

“At our half year results in February we reiterated our commitment to managing the business for long term value. We have continued our focus on disciplined growth and prudent management of our costs. The margin considerations we outlined in February have helped support a year-to-date margin of 1.87% post revenue share. We look forward to showcasing our growth engines at our Investor Day on 23 May 2024,” said Marnie Baker, CEO and Managing Director of Bendigo and Adelaide Bank

Not holding.

 

[rcw1]

Good morning
Chartie update... shoulda coulda woulda ha ha ha ha ha

Impressive for mine:
Daily