BOQ - Bank of Queensland
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Julia
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I've just taken up their 3 for 26 offer at $10.75 (to fund the Investec acquisition).
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Hi Apokolips,
Having read your 5 posts today, they all appear to be in the disguise of "ramping" up those stocks
. So would you please be as kind as to tell us how you bought these stocks "today" when the ASX stock exchange is closed If you want to have street cred in this forum, then hopefully you wouldn't mind showing us your purchase receipt for the 2,000 BOQ shares.
Thanking you in advance of your reply.
PB
Rather a quiet thread lately.
BOQ seems to be (relatively) having a bit of a struggle to maintain its SP this past week. I seem to have more questions than answers but wonder if this is partially a reflection of a preference by most for the big 4. As I post BOQ is down while CBA et al are up .....
Just curious.
(I do hold BOQ and 2 of the big fellas..)
BOQ seems to be (relatively) having a bit of a struggle to maintain its SP this past week. I seem to have more questions than answers but wonder if this is partially a reflection of a preference by most for the big 4. As I post BOQ is down while CBA et al are up .....
Just curious.
(I do hold BOQ and 2 of the big fellas..)
Julia
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Muschu, I also hold BOQ and a couple of the big four. BOQ tends to be more volatile than the others, not sure why. I don't worry about it. It's still one of my most profitable stocks.
Faramir
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I want to buy BOQ but I still have not worked out what is a good price? It is on my watchlist since late April and it has been going sideways between $12 to approx $13. Maybe I am waiting for a 'correction' in the general market that may never happen. I wish I was monitoring stocks last year. I would have picked it up last year.
I wrote an article about Five Criteria of Quality Stocks:
https://www.aussiestockforums.com/forums/showthread.php?t=28300
BOQ definitely satisfied the five criteria listed. I agreed with AFR article when they stated that BOQ satisfied the five criteria of quality. Since I am a beginner, I am only just starting to learn what these criteria are. I watched interviews by BOQ's CEO. Their accounts look good. I haven't brought yet because I want to spend more time to study BOQ amongst my other hopefuls. In May this year, there were some good opportunities but I 'procrastinated'.
Have I missed the boat? (again!) Maybe one day I will get a chance. I have a 'gut feeling' (i.e. no proper analysis but just guess work) that opportunity will be very soon.
I wrote an article about Five Criteria of Quality Stocks:
https://www.aussiestockforums.com/forums/showthread.php?t=28300
BOQ definitely satisfied the five criteria listed. I agreed with AFR article when they stated that BOQ satisfied the five criteria of quality. Since I am a beginner, I am only just starting to learn what these criteria are. I watched interviews by BOQ's CEO. Their accounts look good. I haven't brought yet because I want to spend more time to study BOQ amongst my other hopefuls. In May this year, there were some good opportunities but I 'procrastinated'.
Have I missed the boat? (again!) Maybe one day I will get a chance. I have a 'gut feeling' (i.e. no proper analysis but just guess work) that opportunity will be very soon.
Be patient mate. Corrections will always occur. Volatility may seem low at the moment but it will return. Be disciplined about your entry price - form a view on what price you are comfortable to invest and stick to it. When we are not invested, we tend to focus on the gains everyone else is making. The fear of missing out, in my view, is one of the more dangerous traps in investing. Good luck.
Julia
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SP down 1.46% today on news that Stuart Grimshaw is leaving. Very short notice.
BOQ has done well under Mr Grimshaw. Sorry to see him go.
BOQ has done well under Mr Grimshaw. Sorry to see him go.
Knobby22
Mmmmmm 2nd breakfast
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At first glance looks pretty good.
No reduction in interest margin is better than the competitors.
Increased dividend, another thing the big banks are struggling with.
Cost vs income is improving.
Don't own at present but will show some interest.
The company is in a negative trend over the long term so I think it is likely that the price might drop back over the near term. Also there are fears of an Australian recession acting on bank sentiment. Good result though.
No reduction in interest margin is better than the competitors.
Increased dividend, another thing the big banks are struggling with.
Cost vs income is improving.
Don't own at present but will show some interest.
The company is in a negative trend over the long term so I think it is likely that the price might drop back over the near term. Also there are fears of an Australian recession acting on bank sentiment. Good result though.
Yesterdays price action to me indicates that the market did not like the result. At best it was perceived as indifferent. Still early today but it looks like its getting smashed. It does appear that the drop today has a lot to do with general market sentiment.
BOQ has support around the 10.50 area but I'm not sure if I could stomach buying there! 38c x 2 / 10.5 is a yield of 7.23%! Not including franking credits; but assuming the next dividend is also 38 cents.
WBC report 02/05
ANZ report 03/05
NAB report 05/05 These reports will provide a few more clues to the banking sector. But if the reports are only "within analyst expectations" or even slightly better they are probably going to be sold down even further.
BOQ has support around the 10.50 area but I'm not sure if I could stomach buying there! 38c x 2 / 10.5 is a yield of 7.23%! Not including franking credits; but assuming the next dividend is also 38 cents.
WBC report 02/05
ANZ report 03/05
NAB report 05/05 These reports will provide a few more clues to the banking sector. But if the reports are only "within analyst expectations" or even slightly better they are probably going to be sold down even further.
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Oddly enough BOQ is on my radar for a short sell in the near future , no rush on this pre report for me though ..
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Well i was hoping to but not to be so far , still might get another shot at it next week or so so still monitoring and alerts set , will only sell on pops
Interesting announcement today re the purchase of centrepoint alliance. The announcement says "Although immaterial to FY17 earnings, the acquisition will be immediately earnings accretive for BOQ." Could be good for the 2018 accounts.
Any more thoughts regarding the purchase?
Any more thoughts regarding the purchase?
One thing I can see is : If we look at the corresponding Sale Ann't from CAF, we can see there is a drop in Annual Profit and in Annual Revenue for CAF after this sale.
Hence, logically, there will be a high chance for BOQ to enjoy this 'loss' incurred by CAF, which would be translated into additional revenue and profit as topline and bottomline for BOQ Finance after the acquisition has been finalised at year-end. This is one thing I noticed.
Premium Funding acquisition has been completed. In theory, BOQ (or the finance arm, BOQ Finance) should start to harness the good things from Premium Funding starting from this first month of the year. Price has been dropping these two days though,...
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