BEN - Bendigo Bank

• 22 August 2005

• #1

GreatPig

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Interesting take-off with Bendigo Bank these last few days. After breaking through the downward trend line, as shown on the lower chart, it's just shot up and is now at its all-time high of $11, where it was back in March last year.

I wonder if that will kill it, especially after such a sudden rise, or it will push on through. Perhaps it will oscillate in an upward-sloping triangle between the $11 resistance and the main trend line.

I'll be watching to see

GP


[I don't hold]

 

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• 16 May 2006

• #2

2

26 Broadway

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Peaked a few days back in the $14 area before settling back to the early to mid $13 mark.

 

• 16 May 2006

• #3

GreatPig

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An updated chart from about where my previous ones left off.

Cheers,
GP

 

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• 28 May 2006

• #4

FXST01

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still sitting at about $13

 

• 9 June 2006

• #5

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26 Broadway

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Now down in the low $12's ..... seems to be excessively catered for in "middle management", may need to make some hard calls.

 

• 18 October 2006

• #6

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Has now broken through the $15 dollar mark.

Has also allocated over 1.5 million in shares to staff, being funded by interest free loans.

And hello to you, FXST01

 

• 19 March 2007

• #7

theasxgorilla

Problem solved... next bubble.

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Bendigo Bank in a trading halt due to BOQ announcing a proposed merger.

Will it open up, or down?

 

• 19 March 2007

• #8

Sean K

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theasxgorilla said:

Bendigo Bank in a trading halt due to BOQ announcing a proposed merger.

Will it open up, or down?

Click to expand...

Guess up. This merger has been touted for a while and it seems to be a good mix to me. Positive for both.

 

• 19 March 2007

• #9

theasxgorilla

Problem solved... next bubble.

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UP, 31% on open. Payday for someone.

 

• 19 March 2007

• #10

H

Halba

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Bit surprising this rise. $17.50 is a bit rich for BEN.

EPS(c) PE Growth
Year Ending 30-06-07 82.4 16.0 14.5%
Year Ending 30-06-08 91.5 14.4 11.0%

P/E's all higher than average even at $13.


Not to mention mkt valuing ben at over 21 times earnings..thats very rich for a bank (banking sector 13x p/es).

 

• 19 March 2007

• #11

Julia

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I've held BEN for several years and recently doubled my holding, so I'm pretty happy today.

Julia

 

• 19 March 2007

• #12

N

nomore4s

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Halba said:

Bit surprising this rise. $17.50 is a bit rich for BEN.

EPS(c) PE Growth
Year Ending 30-06-07 82.4 16.0 14.5%
Year Ending 30-06-08 91.5 14.4 11.0%

P/E's all higher than average even at $13.


Not to mention mkt valuing ben at over 21 times earnings..thats very rich for a bank (banking sector 13x p/es).

Click to expand...

Halba refer the ann, merger values BEN at 17.18 - 17.92 (or something like that) depending on BOQ price.

 

• 19 March 2007

• #13

CanOz

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Julia said:

I've held BEN for several years and recently doubled my holding, so I'm pretty happy today.

Julia

Click to expand...

Well done Julia, a class act this bank. I hope they can still provide the quality service after a takeover. I never did any business with them, but always admired thier story.

Cheers,

 

• 19 March 2007

• #14

Y

YELNATS

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nomore4s said:

Halba refer the ann, merger values BEN at 17.18 - 17.92 (or something like that) depending on BOQ price.

Click to expand...

That's right, today's market price of BEN is based on BOQ's valuation of BEN, as per the terms of the offer. Obviously BOQ can see an enhanced value of BEN because of and after the merger. I'm pleased, I hold both BOQ & BEN, but mainly BEN. regards YN

 

• 19 March 2007

• #15

vishalt

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grats to Bendigo shareholders!

 

• 19 March 2007

• #16

H

Halba

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I hold ADB and extremely puzzled.

BEN now $2.35 billion dollar market cap

Net profit 2006 - $100M

ADB mkt cap $1.45bn

Net profit 2006 - $95M

BEN 62% higher valuation than ADB, but only 5.2% higher profit than ADB???????????

Where does the other 57% come from air???

Sometimes these mergers/acquisitions artificially inflate the real value of the company..its a BUBBLE imho.

 

• 19 March 2007

• #17

mmmmining

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Halba,

Don't worry, your ADB will be taken by XXX in year 200X. By then, I guess you will be why PE of the SUN, ANZ, WBC, ... is much lower than ADB.

 

• 19 March 2007

• #18

S

sleeper88

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It's great news for BEN shareholders

 

• 19 March 2007

• #19

Y

YELNATS

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Halba said:

I hold ADB and extremely puzzled.

BEN now $2.35 billion dollar market cap

Net profit 2006 - $100M

ADB mkt cap $1.45bn

Net profit 2006 - $95M

BEN 62% higher valuation than ADB, but only 5.2% higher profit than ADB???????????

Where does the other 57% come from air???

Sometimes these mergers/acquisitions artificially inflate the real value of the company..its a BUBBLE imho.

Click to expand...

On the strength of the numbers you may be right, but I guess it's all to do with the way they do their business, community banking etc., and the perceived synergies between the two businesses, BOQ & BEN. Anyway, BEN holders are not going to look a gift horse in the mouth.

 

• 19 March 2007

• #20

H

Halba

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mmmining said:

I guess you will be why PE of the SUN, ANZ, WBC, ... is much lower than ADB.

Click to expand...

Yep I hold a few of the above too! Funny thing this mkt!