Shareprice hasnt really done much over the last year and the banking sector looks to be running hot ATM.
Sea Dog
17th-March-2005, 10:44 PM
I bought into BOQ ( 1000 @ 10.87 ) in December 04 and they have gone south since altho' today they were trading at around 10.70 )
For me it was a toss up between BNB ( Babcock & Brown ) and BOQ - I
wish I had picked BNB instead !
DTM
17th-March-2005, 10:47 PM
Hey all,
Just looking fo some thoughts on BOQ.
Shareprice hasnt really done much over the last year and the banking sector looks to be running hot ATM.
BOQ was one that I had earmarked to go up at the beginning of the week. Looked like it was reaching bottom and was due to head up.
laurie
31st-December-2005, 02:48 PM
This bank stock will be the one to watch in 2006 still undervalued in MHO making the right moves interstate.....I hold BOQ since 2001 expect also to see increased dividends
cheers laurie
michael_selway
1st-January-2006, 02:37 PM
This bank stock will be the one to watch in 2006 still undervalued in MHO making the right moves interstate.....I hold BOQ since 2001 expect also to see increased dividends
cheers laurie
moving interstate is very competitive, not too sure if it will turn out very good fro them or just ok
laurie
17th-January-2006, 07:34 PM
Well this little stock is the quite achiever quitely making it's way up to $20 :2twocents
cheers laurie
michael_selway
17th-January-2006, 07:52 PM
Well this little stock is the quite achiever quitely making it's way up to $20 :2twocents
cheers laurie
do u think its a bit overvalued even with its current price? hard to say how successful its branch rollout is
laurie
17th-January-2006, 08:08 PM
do u think its a bit overvalued even with its current price? hard to say how successful its branch rollout is
Well Michael I will respond to that when it reaches $20 which then should answer your question ;)
cheers laurie
Stan 101
3rd-July-2006, 07:07 PM
BOQ had it's first major jump in some time today and for the life of me I can't find any info on why?
Anyone have any idea? I bought heavily just before ex and it's downgrade and it's been stagnant for sfor a couple of months...?
Any thoughts or info?
Cheers,
michael_selway
7th-July-2006, 07:44 PM
do u think its a bit overvalued even with its current price? hard to say how successful its branch rollout is
Well Michael I will respond to that when it reaches $20 which then should answer your question ;)
cheers laurie
Hi Laurie when do you approximate when that will be? ;)
Thx
MS
laurie
8th-July-2006, 01:00 PM
MS
When their interstate branch roll out is completed JMHO :2twocents
cheers laurie
MalteseBull
18th-October-2006, 05:14 PM
very undervalued is BOQ...
broke it's 52 week high today..
I am holding for the ex-div atm, but still worthwhile
EX-DIVIDEND date:
Final 30.00c 100 13 Nov, 06
MalteseBull
19th-October-2006, 12:49 PM
does anyone else agree that BOQ is the best performing bank stock atm considering it has broken its 52 week record and heading northwards?
YELNATS
19th-October-2006, 01:37 PM
Yes, BOQ has a very innovative franchising branch business model.
nioka
19th-October-2006, 04:51 PM
Yes, BOQ has a very innovative franchising branch business model.
And it is still one bank where you can walk in off the street and get to see the bank manager. Wish they were here. I missed them when I shifted south.
AnalysisParalysis
7th-March-2007, 09:58 PM
Any thoughts on this ascending tri?
Dutchy3
11th-March-2007, 01:05 PM
For current holders ... new highs might now be reasonably expected
Dutchy3
12th-March-2007, 08:41 PM
Todays follow up action positive for those that entered on the open or current holders.
It's Snake Pliskin
13th-March-2007, 02:45 AM
Todays follow up action positive for those that entered on the open or current holders.
Dutchy3,
Seeing the volume sell out yesterday indicates 2 things:
price to head down and consolidate around $15.50 - $15.20 area
or it is a sell off and it's on its way down from here.
Notice the gap to the left?
Dutchy3
13th-March-2007, 09:33 PM
Hi Snake.
Indeed ... Looking at a weekly chart for BOQ I would not consider this a buy for me as it could actually be in a large distribution pattern stage 3.
Still if I did hold the last few days would be encouraging
AnalysisParalysis
13th-March-2007, 11:12 PM
Pays dividend 18th April. That's the extent of my fundamental analysis.
AnalysisParalysis
13th-March-2007, 11:17 PM
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.
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
19th-March-2007, 10:52 AM
Trading Halt ?? - Anybody know anything about it ??
kennas
19th-March-2007, 11:01 AM
Trading Halt ?? - Anybody know anything about it ??Merger with BEN apparantly.
chops_a_must
25th-March-2008, 10:20 AM
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
25th-March-2008, 10:51 AM
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
10th-July-2008, 07:57 PM
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
15th-January-2009, 07:46 AM
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.
"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
23rd-January-2009, 03:41 PM
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
2nd-February-2009, 03:44 PM
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
2nd-February-2009, 04:11 PM
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
4th-February-2009, 11:04 AM
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
4th-February-2009, 11:17 AM
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
12th-September-2009, 03:39 PM
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
13th-November-2009, 11:58 AM
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
17th-December-2009, 04:02 PM
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
17th-December-2009, 04:58 PM
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!
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
7th-July-2011, 05:34 PM
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
7th-July-2011, 09:42 PM
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
8th-July-2011, 07:45 AM
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
8th-July-2011, 09:57 AM
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
8th-July-2011, 11:15 AM
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...:D
Garpal Gumnut
8th-July-2011, 11:40 AM
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...:D
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
8th-July-2011, 12:05 PM
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...:D
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
8th-July-2011, 06:03 PM
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
8th-July-2011, 07:06 PM
Well caught nulla,
It does like to riff up $1 at a time quickly, look at early 2011 and again this month.
gg
billv
12th-August-2011, 10:04 PM
Looks like BOQ investors think differently. Go boq for holders.
It closed $7.47 today
nulla nulla
13th-August-2011, 08:46 AM
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.
44012
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
13th-August-2011, 11:37 AM
Be true to your stops.
mundey1
15th-March-2012, 09:41 AM
This stock is really in the doldrums.....can anybody see any light at the end of my gloomy tunnel? Cheers
Garpal Gumnut
27th-March-2012, 12:21 AM
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
5th-June-2012, 05:48 PM
BOQ becomes first bank to cut rates
Then all the share holders cut their throats.
wayneL
18th-October-2012, 05:01 PM
The first loss by an Australian bank in twenty years...
prawn_86
18th-October-2012, 06:12 PM
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
18th-October-2012, 10:32 PM
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.
nulla nulla
19th-October-2012, 07:50 AM
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.
44012
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.
Looks like the only thing I got right back then was "As always dyor, what would I know."
The CEO was on Business last night talking about the present and the future for BOQ. He made the point that they are tightening procedures and it reflected in the second half being profitable (but obviously not enough to wipe out the losses for the first half).
I read somewhere that the main problem they faced was the drop in property prices in the South East of Qld and an over exposure to development in this area. That would be the Goald Coast area wouldn't it?
Julia
19th-October-2012, 12:16 PM
Looks like the only thing I got right back then was "As always dyor, what would I know."
The CEO was on Business last night talking about the present and the future for BOQ. He made the point that they are tightening procedures and it reflected in the second half being profitable (but obviously not enough to wipe out the losses for the first half).
I read somewhere that the main problem they faced was the drop in property prices in the South East of Qld and an over exposure to development in this area. That would be the Goald Coast area wouldn't it?
Not just the Gold Coast. Coastal developments north of Brisbane have taken a real beating: down about 25% where I live. New estates just dead. Display homes getting no one through them.
bailx
10th-April-2013, 01:46 PM
"The Bank of Queensland has come under fire for encouraging gambling"?
"The Bank of Queensland paid $40 million for the Virgin Money brand."!
"Business day"
Richard Branson is selling his Australian Virgin Money business to Bank of Queensland for $40 million, three years after vowing to take on the big banks through his personal finance arm.
The regional lender said on Wednesday it would snap up exclusive rights to Virgin's brand in Australia, which has over 150,000 credit card, insurance and superannuation customers.
BOQ will pay $30 million of the deal price in its own stock and about $10 million in cash. It will receive exclusive use of Virgin's brand in Australia for up to 40 years.
The lender will also pay Mr Branson's company a royalty, and Virgin Group will get a seat on the board of Bank of Queensland.
The deal is the latest chapter in Virgin Money's long-running attempt to grab a bigger slice of the financial services market in Australia, after previous tie-ups with Westpac and Macquarie Bank failed to deliver.
"With that been announced, it made me wonder what is BOQ going to do with all that Virgin money"?
BOQ's managing director, Stuart Grimshaw said the deal would give the bank a greater chance to sell financial products to a wider range of customers.
“It will enable us to sell BOQ-manufactured banking products marketed under the Virgin Money Australia brand to customers who would be unlikely to walk into one of our branches, and provides a low risk, high potential entry point into online funds management distribution with an established brand," Mr Grimshaw said in a statement.
Mr Branson said Australia remained "one of Virgin's most important markets."
“I am excited that, in partnership with BOQ, we will be able to develop more leading products and distribute them even more widely, so many new customers will get to experience the benefits of Virgin Money," he said in a statement.
"Sounds like good news for BOQ. But how will it travel"? "What happens to virgin Money"? ( Investment)?
Brian Bissaker, the previous head of Colonial First State, ( choice ) will become chief executive of Virgin Money Australia.
BOQ said Virgin Money Australia was a loss-making business because it was still in a start-up phase.
It comes after Mr Branson relaunched Virgin Money in Australia with financial backing from Citi in 2010, vowing to take on the big banks.
Citi will continue to provide the "white label" credit cards under the deal with BOQ – the US bank also provides BOQ's credit cards.
Virgin previously developed plans to take on the home loan market with Macquarie, which took a 10 per cent stake in Virgin Money's Australian operations 2005.
But these plans fell apart during the global financial crisis and Macquarie sold its stake back to the British parent company.
And in 2007, Virgin ended a partnership with Westpac on credit cards due to growing competition between the rivals' brands.
In early trade Bank of Queensland shares were down 0.7 per cent, to $9.59.
"Wow quite an investment from BOQ..But can it put it all to its greater advantage and capitalise?
