BEN - Bendigo Bank

[rcw1]

Good morning
Some good SP gain today (13/12/22) on the back of an announcement:
Bendigo Bank reports as 22 per cent on-year lift in FY23 to date earnings, with low arrears and expects earnings tailwinds to continue in 2H23.

Nice

Holding

Have a safe and happy Christmas and prosperous New Year.


Kind regards
rcw1

 

[divs4ever]

good morning ,

glanced at the ann . but have been focused elsewhere ( other stocks )

BEN moved the wrong way for me ( to add more cheap )

SUN is still trying to unload it's banking business that MIGHT help BEN a little

i hold BEN and SUN

cheers and good luck everyone

 

[rcw1]

Good evening
No posts since 13/12/22 ...

Dividend

Now then...
On 25 March 2024 Bendigo and Adelaide Bank Limited (ASX: BEN) successfully completed the Offer of Capital Notes 2 (CN2), issuing 3,000,000 CN2 at $100 each, raising $300 million of Additional Tier 1 capital. Allocation policy Allocations of CN2 to Syndicate Brokers and Institutional Investors were determined under the Bookbuild. Allocations to individual Applicants under the New Money Offer were at the discretion of the relevant Syndicate Broker. Applications from Eligible CPS4 Holders under the Reinvestment Offer, where an Allocation of CN2 was received under the Bookbuild, were accepted in full. Applicants should contact their Syndicate Broker to confirm their Allocation. Trading on the ASX CN2 are expected to commence trading on the ASX under the code BENPI on a normal settlement basis on 26 March 2024.

Published: 19/02/24

rcw1 don't like banks. Have'nt held a bank stock for long time... years. They pi55 rcw1 off. Anyways, might keep an open mind with this stock...

 

[rcw1]

Good evening

Nice SP high today (17/05/24)... Couple of announcements helped, see attached.

Trading Update (unaudited financial results for the ten months ending 30 April 2024, year to date)
• Unaudited cash earnings (after tax)1 year-to-date (YTD) of approximately $464 million, down 2.3% on prior corresponding period (PCP).
• Net Interest Margin (NIM) post revenue share arrangements YTD of 1.87%. YTD NIM pre revenue share arrangements of 2.30%. The April 2024 exit NIM was higher than the YTD average.
• Credit expenses remain at low levels across all portfolios.

“At our half year results in February we reiterated our commitment to managing the business for long term value. We have continued our focus on disciplined growth and prudent management of our costs. The margin considerations we outlined in February have helped support a year-to-date margin of 1.87% post revenue share. We look forward to showcasing our growth engines at our Investor Day on 23 May 2024,” said Marnie Baker, CEO and Managing Director of Bendigo and Adelaide Bank

Not holding.

 

[rcw1]

Good morning
Chartie update... shoulda coulda woulda ha ha ha ha ha

Impressive for mine:
Daily

 

[dyna]

S.P. has been at about the $13.50 level for past few months . No change today either .

Black Rock has been accumulating since maybe last October I think , ( can't be bothered skimming through the fine print ) . Now holds 5 % or 28 million shares .

 

[Dona Ferentes]

down 17 percent.... NIM

Bendigo and Adelaide Bank grew loans and deposits over the first half, but its interest margin had contracted due to higher funding costs while investment spending was elevated, reducing profit.

Interim cash profit of $265.2 million was down 1.1 per cent on the first half of the previous year, and almost 10 per cent lower on the prior six months. This missed consensus expectations at around $278 million.

Deposits were up 5.4 per cent, while total lending was 3.4 per cent higher, with 5.3 per cent growth in residential home lending for the half. However, this came at a cost – net interest margin fell 6 basis points to 1.88 per cent, due to both higher deposit costs and increased wholesale funding costs for raising debt in capital markets.

Operating expenses were up 5 per cent due to “technology inflation pressures”. “We remain committed to disciplined investment as we continue to progress through our multi-year transformation program,” the bank said.

 

[finicky]

Market Matters today:

• Bendigo Bank (BEN) -15.28% created some angst on the conference call today, and was questioned on continuous disclosure obligations after reporting a significant deterioration in margins on higher costs.

Not Held

 

[Miner]

Market Matters today:

• Bendigo Bank (BEN) -15.28% created some angst on the conference call today, and was questioned on continuous disclosure obligations after reporting a significant deterioration in margins on higher costs.

Not Held

Did you attend the conference call and what lies the directors said while painting a glittering picture?
All that glitters is however not gold

 

[rcw1]

Looking very much like a SP recovery happening:
daily

daily

 

[IvoryWolf]

Here’s a potential trade for Bendigo & Adelaide Bank Limited (BEN) that appeared in the weekly scans this week - further details available at the TradingView link through the linking page below:

Steven Haas (IvoryWolf)

Active trading of ASX/US stocks and crypto markets - subscribe for regular trade suggestions and discussions with an active, supportive community!

ivorywolf.start.page