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BEN - Bendigo Bank

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Went to enter a BB branch at 2pm on Friday. Woman blocked the doorway, "NO ACTUALLY WE'RE CLOSED!". I wandered off perplexed with an elderly couple who were also given the hand. I asked them why they were closed and apparently they were having computer problems. God what a retarded bank BB are. Along with their internet banking that hasn't changed since 1999 they can stick their entire bank up their ****.
 
I am with CUA and CBA and let me tell you CUA give me better rates and are better to deal with. CBA tried to con me then offered to match CUA. I mention this because of the banks BEN has the highest satisfaction level. We know why. Read the front page of Saturdays Age and see what CBA they did to the people foolish enough to get their health insurance with them.

Bendigo Bank like CUA have good relations and arent always going to court. Both organisations havr updated their IT (though I am relying on press releases for Ben) and as it is getting commodified are keeping up with the banks for not much more cost.

Finally note all the directors buying and the points made on my previous post

I am confident, watch what happens.
 
Poverty
With the internet banking, isn't it updated?
Also it doesn't sound like a computer problem. I think an incident must have happened within the bank.
 
Been underwater but finally on top.
Bendigo Bank will look good when the next report comes out compared to the big 4 with a better yield also. I am fairly confident we shall see earnings growth. If I am wrong then it is a sell.
 
OK result as expected. I was hoping they would increase interest margin more but obviously competition is strong.
Still a lot better than the naysayers were expecting.
Nice rise today.
 
Knobby22 said:
OK result as expected. I was hoping they would increase interest margin more but obviously competition is strong.
Still a lot better than the naysayers were expecting.
Nice rise today.
Click to expand...

Bit up and down like a haws draws... I'm out today on the off chance that i'll buy back under the high 9.90's, or there abouts in the not to far distant... but I've been rong before. There'd be more than a few holders breathing easier on the direction of this trend though; even with a 6% yield, well sub of $9 don't look good off $12.80 odd high.
 

I have reduced my exposure but retained half my shares. Sold NAB which I bought when their price dipped. BEN is the only bank I now own or want to own. The major banks are very risky imo and that risk is not recognised fully in the price.
 
Got a few BEN and watching the trading day to day it seems to go up in the mornings then gets sold off in the afternoons, is this just day traders ?
I presume this might be for all shares.....?
I'm starting to think this is a bit of a mug punters game.
 
All those green bars don't really back up what you are saying. The last month or more its finished higher than it open more often than not.

 
Maybe it's just my perception but it fluctuates a lot for no apparent reason.
 
MrBurns said:
Maybe it's just my perception but it fluctuates a lot for no apparent reason.
Click to expand...

Not the place I would be buying it , Report 14 August , APRA capital adequacy amendments due any day . I'd suggest upside limited into report , the easy money pretty well gone
 
Bendigo Bank have just issued a "application for quotation of additional securities and agreement" to the ASX.
Basically what is that?
As a newbie can anyone tell me what this is and if it has any implications for existing share holders (eg: cheap / free shares) or do they just want to increase the number of shares to raise additional revenue?
Do existing share holders get first crack at the new shares?
TIA
Swingtrader
 
Part 6 of the notice (Purpose of the issue) states that these new shares were created by a conversion of fully paid unquoted shares to fully paid quoted shares.

It's just paperwork to give notice of the creation of another 11,095 shares.
 
peter2 said:
Part 6 of the notice (Purpose of the issue) states that these new shares were created by a conversion of fully paid unquoted shares to fully paid quoted shares.

It's just paperwork to give notice of the creation of another 11,095 shares.
Click to expand...

Thanks mate
 
BEN in the zone for a short fade . Exdiv next week , recent runup short squeeze as much as genuine buyers imo . Heavily shorted stock and reports are ripe for short squeeze rips , exactly whats happened . Multiple suggested its baked imo
 
I have been reading up on some charting methods and while flipping through some charts this one caught my eye. I have added some commentary on it but if anyone has a different view I would appreciate it.

Not trading it just trying to learn...so I would look at structuring it like

Buy @ close price $10.20
initial stop loss @ the previous days low of $9.97
Target $11 (trail SL)

 
Well it reach a high of $10.98 which was pretty close to my guess of $11 so I will take that !

 
With a trade maturing today, have rotated the position into BEN.
With the success DOU (a new neobank) share price has had, I figure the UP neobank from Bendigo is more mature and seemingly well liked.
The above reasons coupled with TA, have entered today.
Not my usual style of stock and consideration is on the medium term scale of time.
Year to date chart
 
BEN just got hit with the naughty stick by APRA after (I think) not having enough cash cover.... presume in accordance with its licence requirements. They will now have to carry more cash cover (existing liquidity cover ratio has been increased by 10% for an unknown time).

My take is that this will increase costs for the bank.
 
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