there are almost annual rumblings and urgings for a mid-tier bank shake-up , and SUN seems like it is abandoning bankingThis is a funny one. The way that branch ownership is structured is surely a burden for the Board, and all those that look at the company as a long term investment. There aren't too many ways of getting rid of the branch structure, but one of them is to either merge, or to be sold.
Now, CEO of Barclays, this is directed at you. I'm sure you read at least a few of the posts on ASF, especially the ones that mention Barclays.
Barclays has recently been granted license to operate as a foreign ADI in Australia. Now, wouldn't it be more simple to take over an existing banking structure, a structure that you will get for a greatly discounted price? Surely yes! So, Barclays, BOQ is for you.
In anticipation of a shake-up in the banking industry during 2022, BOQ is my pick #4 for the 2022 Full Year Tipping Competition.
KH
there are almost annual rumblings and urgings for a mid-tier bank shake-up , and SUN seems like it is abandoning banking
i have canceled my top-up order for BOQ and added extra HLS instead , am quite happy for BOQ to battle on as it is , i doubt Barclays will lob in an offer that appeals to me
my view of the outlook is terrible ( and not just the banking sector ) when i went to Perth in 2012 i was impressed by BOQ's aggressive push into WA , back then ( and even now ) i thought WA was the growth potential of Australia , so BOQ grabbing a foothold was a good thing , long termYou're forgetting the economic outlook, or my perception of what will happen should the major economies continue on their current path with higher interest rates and inflation and lower long term growth. I'm not suggesting that BOQ is the ideal choice, but I do think that bank returns will hold up, especially with the major banks, whereas returns from other sectors might not hold up as well.
Interesting times.
KH
Banks create money and give it to consumers in the form of a loan under the guidance of their respective Central Banks. That's why banks, in one form or another, will always exist.now the thing to watch is the success ( or failure ) of CBDC's if CDBCs become widespread why would you need a bank
now that is what you would think , am thinking banks would become the financial equivalent of the Telstra shop ,Banks create money and give it to consumers in the form of a loan under the guidance of their respective Central Banks. That's why banks, in one form or another, will always exist.
I'm not too worried about CBDCs, all they will be is a representation of money already in circulation. Ultimately, my best guess is that CBDCs won't be implemented without some involvement of the major banks (at least).
KH
Agree, looking cheap, and I've bought some this week.BOQ looks cheap, has some recent issues with compliance (like many others before) and that seems to have spooked some of the more conservative holders, small dividend cut to fund an extra 50 million provision didn't help ~ 37 month low looks to be an opportunity.
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A bit suspect, it struggled to pass $6.30 all year and then spiked up to $6.45 on the day of the announcement and now dropped down to a low $6.yep ,
it is just announced it is eradicating the poison pill that prevented an easy take-over
has been removed from ( very low priority ) on my watch-list
so will BEN make an offer sooner rather than later or will somebody different wait until this is a much smaller cap. share
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