BOQ - Bank of Queensland

[AnalysisParalysis]

Pays dividend 18th April. That's the extent of my fundamental analysis.

 

[AnalysisParalysis]

I bought 1000 @ 15.40 on the basis of it being an ascending triangle. A bit early, yes, buying during consolidation, but now I've set a stop loss at around 15.85, so unless it gaps down, it should be a profitable trade. 10% trailing stop.

 

[AnalysisParalysis]

Got stopped out today @ 15.90. Woo hoo! Profit.

 

[It's Snake Pliskin]

Got stopped out today @ 15.90. Woo hoo! Profit.

Congratulations

 

[AnalysisParalysis]

Congratulations

Thanks. It was an experiment in using a stop. First time for me. Problem is, the stock finished above my exit price, then went to 16.40 today.

 

[bingk6]

Trading Halt ?? - Anybody know anything about it ??

 

[Sean K]

Trading Halt ?? - Anybody know anything about it ??

Merger with BEN apparantly.

 

[chops_a_must]

Looked to have jagged an entry here.

As discussed with some people here, I'd been looking at it.

Cleared short term resistance, with respect to a fib point. Looking for a sharp rally from here for the next few weeks. Fingers crossed.

WBC is another I'll be looking at.

 

[reece55]

Looked to have jagged an entry here.

As discussed with some people here, I'd been looking at it.

Cleared short term resistance, with respect to a fib point. Looking for a sharp rally from here for the next few weeks. Fingers crossed.

WBC is another I'll be looking at.

Technicals are looking good here Chops, looks to have found support and now bounced, lets see how sharp the bounce is....

Fundamentally, still looks a little expensive to me, Queensland I think is going to struggle real estate wise, so their loan book could come under pressure in the next 2 - 3 years. So, it would be a momentum trade in my view and I would take bounce profits quickly.......

Cheers

 

[ands]

Anyone interested in this investment from BRED Banque Populaire, they lifted their stake to 10.48% as was announced today. Could it be more then just an investment (which is what the French Bank claims)?

 

[Family_Guy]

I posted this link in another thread about Suncorp, but i like BOQ because of it's lows. Lindsay Fox has and is further reducing his stake in the company and probably why the SP is a little low. Its been flagged as a future takeover target by a French Bank. I got a few shares yesterday in BOQ and wondered what people thought of this stock.

http://www.news.com.au/business/story/0,,24878435-462,00.html

"Funding issues, impaired loans and capital management are all creating a challenging environment for the sector and the regional banks in particular," he told BusinessDaily.

"In light of these pressures I think there will be further consolidation in the first half of 2009."

Queensland-based banks Suncorp and Bank of Queensland are viewed as the most likely takeover targets.

ANZ and NAB are expected to engage in a bidding war for the Suncorp franchise, while French bank BRED Banque Populaire is viewed as a potential acquirer of BoQ after building a 9 per cent stake last year.

 

[tigerboi]

Getting slammed with the linfox sell down, so a good opportunity later on for you guys that are into the bank stocks,looks like it will see sub $6 very soon..

see the chart of the linfox sell down

 

[oldoz]

BOQ Bank of Queensland.

Has anybody any thoughts on BOQ.It may have hit its low now then again it may keep going down do you think it maybe a buy at these prices.7.20+. thanks, .oldoz

 

[tigerboi]

Re: BOQ Bank of Queensland.

Has anybody any thoughts on BOQ.It may have hit its low now then again it may keep going down do you think it maybe a buy at these prices.7.20+. thanks, .oldoz

Wait til linfox finish selling out.got about 9m shares left to go...to buy a stake in AIO...it will go lower...tb

 

[oldoz]

Wait til linfox finish selling out.got about 9m shares left to go...to buy a stake in AIO...it will go lower...tb

Thanks for that info. I wasnt aware of linfox involement you may have saved me a trip to the pawnbroker. I have been keeping a close eye on AIO for quite a long time I did hold a few sometime ago and did all right but by chance I sold before they dived. regards, oldoz

 

[oldblue]

I'd take a close look at BOQ's provisioning.

They are actually lightening up on provisions as a percentage of lending assets at a time when the majors are increasing. Seems a little risky to me but that's just IMO.

 

[Gunlom]

Have received retail entitlement offer and am undecided if I should participate.

I only have a small number of them, from when BOQ took offer HME (and before that when HME took over Statewest credit union)

I took full advantage of ANZ SPP and have done fantatically with that, however anyone see the regionals bouncing back as much??

I think I'll wait till the last day before making a decision, any other holders thinking about it??

 

[adrian1]

What do folks think of them at the moment? I bought in at $8.50. They seem to be on the way up again?

 

[adrian1]

Apparently they are dropping the "QLD" part of their name early next year and making a bigger push into WA. Not sure how they will fare though given their Storm Financial legal woes?

 

[oldblue]

Apparently they are dropping the "QLD" part of their name early next year and making a bigger push into WA. Not sure how they will fare though given their Storm Financial legal woes?

There's been no announcement to that effect but no doubt you have good reason for this statement?

They'll have to come up with something else though. "Bank of" just won't cut it!