BOQ - Bank of Queensland

[notabclearning]

http://www.thebull.com.au/articles/a/16819-seven-boq-branches-shut-in-qld.html

Share price hit hard. Good buying oppitunity?

 

[mundey1]

I jumped in at $12.00 - now running around $8.00. I would be grateful for your considered opinion as to whether they will EVER get back to 12 or 13 dollars? Thanks for your help.

Regards Adrian (Newbie)

 

[Tysonboss1]

Re: Bank of QLD

I jumped in at $12.00 - now running around $8.00. I would be grateful for your considered opinion as to whether they will EVER get back to 12 or 13 dollars? Thanks for your help.

Regards Adrian (Newbie)

Bank of queensland is not one the I watch, so I can't give you any specific details on that stock.

What I would suggest doing is going back to the analysis you conducted that lead you to believe the stock was worth $12 in the first place. If nothing has changed and your analysis is correct then yes the stock has a good chance of returning to that level.

Basically when you buy a share you are buying an ownership interest in the underlying company, Before you buy a share to hold as a longterm investment you need to work out how much the whole company is worth then divide that by the number of shares so you know how much each share is worth, then compare that to the market price.

 

[Julia]

Adrian, when you say you jumped in at $12, when did you do that, and what was your reason for buying BOQ then?
Did you buy other financials or for some reason specifically pick out BOQ?

What was your plan when you bought it? Long term hold, or did you anticipate a quick profit?

All the banks seem to be suffering at present from the overall market malaise plus a fear of contagion from the mess in Europe, but BOQ (just having a quick look at the chart) has seen its SP drop more than the others.

 

[nulla nulla]

All the banks seem to be suffering at present from the overall market malaise plus a fear of contagion from the mess in Europe, but BOQ (just having a quick look at the chart) has seen its SP drop more than the others.

Considered to be related to the exposure of the QLD Bank to flood effected Qld Mortgages. As the effected areas recover so will the mortgages and the bank share price. Sub $8.00 would have been a good entry price.

 

[Poppasan]

Considered to be related to the exposure of the QLD Bank to flood effected Qld Mortgages. As the effected areas recover so will the mortgages and the bank share price. Sub $8.00 would have been a good entry price.

I think short on this one at present, it is in a long term down trend, possibly going down toward previous lows to around the $7.65 mark, unless there is a break of trend confirmed at the $8.72 mark or above, I don't think is likely.
Poppasan

 

[mundey1]

Thanks for the replies folks...my plan was for long term but my question remains..can anyone see them coming back to a $12/13 dollar level at some stage ie 1, 2 or 3 years? Realise a bit of crystal ball stuff will be required...

 

[Garpal Gumnut]

Thanks for the replies folks...my plan was for long term but my question remains..can anyone see them coming back to a $12/13 dollar level at some stage ie 1, 2 or 3 years? Realise a bit of crystal ball stuff will be required...

If they became a takeover play they would be up there one minute later.

All banks are in a longer term sideways trend, and BOQ would be the last to move up imo, as there are more attractive bank stocks with less baggage that would provide a more secure expectation of return in the future.

gg

 

[Tysonboss1]

Thanks for the replies folks...my plan was for long term but my question remains..can anyone see them coming back to a $12/13 dollar level at some stage ie 1, 2 or 3 years? Realise a bit of crystal ball stuff will be required...

The question I would be asking is Based on it's current price when you factor in yield and prospects for growth over time would it be an ok investment. if the answer is yes, then why sell it, regardless of your purchase price.

It sounds like you don't have much experiance or knowledge, So you shouldn't be trying to pick stocks till you have some better training.

If longterm investing is your stratergy do some reading on value investing, if trading is your thing take some time to learn the skills you need for that.

Otherwise you are just gambling.

 

[nulla nulla]

I think short on this one at present, it is in a long term down trend, possibly going down toward previous lows to around the $7.65 mark, unless there is a break of trend confirmed at the $8.72 mark or above, I don't think is likely.
Poppasan

Looks like BOQ investors think differently. Go boq for holders.

 

[Garpal Gumnut]

Well caught nulla,

It does like to riff up $1 at a time quickly, look at early 2011 and again this month.

gg

 

[billv]

Looks like BOQ investors think differently. Go boq for holders.

It closed $7.47 today

 

[nulla nulla]

At these levels it has a 7% fully franked yield. Also the price has been pushed down again to just above the GFC lows of March 2009.



IMO the share price is bloody ridiculous at this level. Queenslanders will rebuild after the floods and sort their finances, they are unlikley to default on their mortgages in any material numbers. I see boq recovering in the short to medium term to more than $9.00
As always dyor, what would i know.

 

[dutchie]

Be true to your stops.

 

[mundey1]

This stock is really in the doldrums.....can anybody see any light at the end of my gloomy tunnel? Cheers

 

[Garpal Gumnut]

This stock is really in the doldrums.....can anybody see any light at the end of my gloomy tunnel? Cheers

$91m Loss announced today.

Raising $450m dollars, but gave a 26c dividend today. Crazy stuff.

The real problem with BOQ is not loss of value in housing or defaults on mortgages but loss of value in commercial property in Queensland due to poor investment because of floods and poor confidence under the ALP both federal and state.

I will buy BOQ when it stabilises at $4.50.

Interesting times for this stock.

gg

 

[notting]

BOQ becomes first bank to cut rates
Then all the share holders cut their throats.

 

[wayneL]

The first loss by an Australian bank in twenty years...

 

[prawn_86]

The first loss by an Australian bank in twenty years...

Yeh i saw that. Is it the first sign of things to come, or a once of?

 

[Julia]

Yeh i saw that. Is it the first sign of things to come, or a once of?

I don't like their franchise model. Gives too much leeway to individual branch owner/managers.
They may also be suffering at present because of their involvement in the Storm Financial debacle.