Tq Quant,.. if the earning is forecast to be flat in the next three years, then there is always a chance that the dividend may be reduced,...Depending on the reduced amt, this may not be a great divvy-paying stock anymore. Opinions ?This acq negligible effect on earnings , BOQ forecast earn is flat next 3 years , given its been trading at around 14 x 2017 will no growth id suggest upside is limited , this is one on the list to short sell again actually . Recent weakness is simply linked to weakness across entire sector . I must admit one thing BOQ has going is great Div yield View attachment 69632 View attachment 69633
As long as earnings stay flat or better Div should maintain , the trend in forecast earn isnt the greatest though , Companies have a little wiggle room with payout ratios so can absorb a little negative growthTq Quant,.. if the earning is forecast to be flat in the next three years, then there is always a chance that the dividend may be reduced,...Depending on the reduced amt, this may not be a great divvy-paying stock anymore. Opinions ?
But a forecast is still a forecast,... the actuals may come out better,... or worse too,... Banks,.. they just need to life their interest rates a bit, and the profit would flow back in again. A rising interest rate environment would bode them well, incl BOQ.As long as earnings stay flat or better Div should maintain , the trend in forecast earn isnt the greatest though , Companies have a little wiggle room with payout ratios so can absorb a little negative growth
View attachment 69634
We going in circles , ive given you info , you do what you want with it , im not debating anything , if you have doubts pursue proffessional help , they will have the same info i do > its possible to find data on how companies actual report in relationships to forecasts , i have it . THERE are NO guarenteees in this business ... Govt bonds have no risk , maybe thats the right product for you ... good luckBut a forecast is still a forecast,... the actuals may come out better,... or worse too,... Banks,.. they just need to life their interest rates a bit, and the profit would flow back in again. A rising interest rate environment would bode them well, incl BOQ.
I wonder if interest rates start to rise in the states, would this translate into interest rates rises here too,..
OK,... tq Quant,... I appreciated your input very much.View attachment 69638 View attachment 69637
We going in circles , ive given you info , you do what you want with it , im not debating anything , if you have doubts pursue proffessional help , they will have the same info i do > its possible to find data on how companies actual report in relationships to forecasts , i have it . THERE are NO guarenteees in this business ... Govt bonds have no risk , maybe thats the right product for you ... good luck
Forecasts are the average of a number of estimates and they are predominantly a wide range , in my experience on large caps they are fairly close to the mark
last edit , short dated bank interest futures arent pricing a rate change in australia during 2017 at this stage
Tq Quant,... let us check together come Thursday and we will be able to understand a whole lot more abt BOQ after this,...Risk is Div dropping , nothing has really changed since the figures a couple months back , it did the full 10% and change retrace and still below this years high . Id suggest small upside potential unless an unexpected beat , Div is still desirable with gross yield close to 10% . I must admit havent been watching but low 11's was a SMSF candidate for an up to 8 week hold . Be skinny returns but 10% in 8 weeks isnt to be sneezed at ... all my ideas/opinions are in a swing trade theme and short term , i invest in nothing but my skills and knowledge , I am a Mercenary ;-)
View attachment 70531
View attachment 70532
Just looking quickly, not a great result with both cash earnings and profit down on the same period last year. Div remains at 38cents. But "positive outlook". I am not sure what the analysts were expecting though.
Comparing across the preview and the actual results that came out today, looks like the actuals are all more negative vs the preview, except for the dividend payout, which the preview predicted accurately !Tq Quant,... let us check together come Thursday and we will be able to understand a whole lot more abt BOQ after this,...
Comparing across the preview and the actual results that came out today, looks like the actuals are all more negative vs the preview, except for the dividend payout, which the preview predicted accurately !
I do hope there will be growth to be reported soon in the FY reporting later,... from the following statements :-
1) "We have seen a 30% uplift in mortgage application volumes in recent weeks which gives us confidence of a return to growth in the second half," Mr Sutton said.
2) "Throughout the rest of the year our focus will remain on BOQ’s growth prospects in niche customer segments and asset quality which we believe will drive more sustainable profits longer term.
NO more flat earnings,.. I hope,..
Well,... like everybody else, they're thinking since they're strong in this arena, they hoped to create this need in the mktplace, after which they will use their skills to grab mktchare before the other banks catch-up. It's a natural business instinct !I find the idea of targeting niche segments risky. You're playing with a smaller kettle of fish and if it doesn't come off, then what?
Seems like a superfluous statement to fill the report on how they'd like to "grow"...
I bought some BOQ today - main reason for choosing BOQ is that I am already overweight NAB. Both these banks have a very high payout ratio. BOQ is about 82% of earnings! Gross yield at my buy price is 10.5%. Off course there is a risk that divi may need to be cut, especially if they don't realise increased capital reserves through selling off St. Andrew's Life division to Freedom Insurance Group as planned. and if earnings get hit through economic downturn.
It goes ex-div in nine days and expect the price to drop below $10 in the short term.
I've always treated bank stocks as a superior yielding investment over fixed interest and have never (yet) regretted buying a bank stock.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?