Bourse Discourse: BEN, ADH, A2M
The final week of this reporting season kicked off yesterday with results from, among others, regional bank Bendigo and Adelaide, retailer Adairs and Kiwi dairy leader A2 Milk.
Read MoreThe final week of this reporting season kicked off yesterday with results from, among others, regional bank Bendigo and Adelaide, retailer Adairs and Kiwi dairy leader A2 Milk.
Read MoreAn early Christmas present for shareholders in Bendigo and Adelaide Bank with a surprise upgrade in guidance – sending the shares to their highest close since August.
Read MoreThe pressure on companies this reporting season is higher than ever. Here’s how Argo Investments, Bendigo and Adelaide Bank and Beach Energy fared on Monday after announcing their results.
Read MoreThe broker maintains a Neutral rating. The $10.25 target price is unchanged.
Read MoreInvestors ignored a sharp slide in Bendigo and Adelaide Bank’s net interest margin and a slightly reduced dividend to send the shares up more than 4% in Monday’s ASX trading.
Read MoreWith peak reporting season upon us, here are snippets from the results announced yesterday by Bendigo and Adelaide Bank, Seven West Media, Carsales.com, and Lendlease.
Read MoreIt was more good news on the bad debt front for Bendigo and Adelaide Bank which has joined its larger peers such as Westpac and the ANZ in writing back some of 2020’s provisions.
Read MoreMacquarie believes the regional banks are more leveraged to improving deposit pricing and following a period of underperformance upgrades Bendigo & Adelaide Bank to Outperform from Neutral. Target is raised to $11.00 from $10.25.
Read MoreBendigo and Adelaide Bank shares jumped 11% on Monday as investors looked favourably on the company’s dividend payout and upbeat outlook.
Read MoreLending growth, net interest margins and deferred loans were all better than expected for Bendigo and Adelaide Bank in the September quarter, boding well for the upcoming bank reporting period.
Read MoreShares in the Bendigo and Adelaide Bank edged up 0.2% in yesterday’s sell-off after it revealed an improvement in loan deferrals. In a trading update issued before the AGM yesterday, the bank said it had seen strong growth in lending as well.
Read MoreThe Banking Code and Compliance Committee (BCCC) has taken the unprecedented step of naming the largest regional bank, Bendigo and Adelaide Bank for “serious and systemic” breaches of its code of conduct.
Read MoreHigher-than-expected costs growth in the second half, in addition to commentary regarding a difficult market, leads Credit Suisse to believe FY21 will also experience higher costs and the benefits of the cost reduction program are likely only in FY22.
Read MoreCovid-19 and the various lockdowns across Australia have destroyed earnings of Bendigo and Adelaide Bank, with the major regional lender revealing that profits for 2019-20 nearly halved.
Read MoreMacquarie reviews impairment forecasts. With 10-15% of consumer and small-medium enterprise loans being deferred, along with a weak economic outlook, there is downside risk to bank earnings.
Read MoreAssuming the lack of a bad debt apocalypse, the big banks certainly look cheap. But the smaller banks look even cheaper, which suggests there’s better value at the minnow end which is more oriented to mortgages than business lending.
Read MoreBendigo & Adelaide Bank has outlined an increase in provisioning related to the pandemic and brokers welcome the extra buffer in a deteriorating economic environment.
Read MoreBendigo and Adelaide Bank has joined its larger peers and lifted revealed a big provision of nearly $150 million for possible bad debts for the year to June.
Read MoreBendigo Bank has joined the Bank of Queensland in withdrawing its financial outlook for the six months to June 30 due to the “uncertainty” created by the coronavirus pandemic. Meanwhile, Macquarie analysts are the latest to go all gloomy about bank dividend levels and capital.
Read MoreAPRA, the financial regulator, has told banks, insurers, and other financial groups to think carefully about deciding whether dividends can be paid to shareholders over the rest of this year and into 2021.
Read MoreAnalysts argue Australia’s banks are in a much better position to weather this storm than they were in 2008, and have been oversold on that basis.
Read MoreAs expected shares in Bendigo and Adelaide Bank fell sharply in early trading on Tuesday after a number of brokers downgraded the company’s share price expectations and the company came out of a trading halt for a major fund raising.
Read MoreBendigo & Adelaide Bank’s result was overshadowed by a large software expense impairment, a dividend cut and an announced capital raising.
Read MoreTrading in Bendigo and Adelaide Bank shares should resume today and will fall sharply after the regional financial group yesterday revealed plans for a big capital raising and slashed the interim dividend.
Read MoreBendigo and Adelaide Bank will pay a steady final dividend of 35 cents a share (for a steady full-year payout of 70 cents) after revealing a weak 6.6% slide in cash earnings to $415.7 million for the year to June.
Read MoreThe guard continues to change in some of our regional financial groups. Bendigo and Adelaide Bank has appointed Jacqueline Hey to be its next chair, to replace long-serving chair Robert Johanson.
Read MoreBendigo and Adelaide Bank is getting out of financial advice by selling its business in this sector to IOOF (itself a challenged operator in financial advice and funds management) for $3 million dollars.
Read MoreNot everything’s going right for the smaller banks, but the findings of the Hayne Royal Commission present a perfect opportunity to woo discontented Big Four customers. Should investors follow?
Read MoreBendigo and Adelaide Bank disappointed the market yesterday with a softer than expected first-half profit, thanks to weak revenues and higher costs.
Read MoreBendigo and Adelaide Bank has joined the larger Commonwealth Bank in boosting its net interest margin for the first time in years for the six months to December.
Read MoreShares in Bendigo and Adelaide Bank sagged by nearly 5% at yesterday after shareholders were told at yesterday’s annual meeting that times were tough and challenging – and that was in effect a profit warning, although those words were not used.
Read MoreWhile not as good as the Commonwealth Bank’s 8% performance, but Bendigo and Adelaide Bank has managed a 4.2% lift in full-year cash earnings to $418.3 million for the 12 months to June 30, and the market cheered.
Read MoreThe scene has been set for the Commonwealth Bank’s (CBA) interim result tomorrow to either confirm the weaker trend in banking, or show that it can again outperform the rest of the sector.
Read MoreShareholders in Bendigo and Adelaide Bank (BEN) yesterday heard a now familiar refrain from a bank CEO about whether all of a Reserve Bank rate cut should be passed on.
Read MoreLike Argo Investments (ARG), regional bank, Bendigo and Adelaide (BEN) will pay a higher fully franked dividend for the year to June of 68 cents a share, up two cents after declaring a 34 cents a share final yesterday.
Read MoreBendigo and Adelaide Bank (BEN) will pay a fully franked interim dividend of 34 cents a share, up one cent from the first half of 2014-15 after reporting a modest 2.7% rise in cash earnings yesterday to $233.7 million.
Read MoreShares in regional lender Bendigo and Adelaide Bank (BEN) eased 2.6% yesterday in the wake of a full year result that just beat consensus by reporting a 13% rise in cash profit for 2015 to $432 million.
Read MoreInvestors will look to updates this morning from Macquarie Group (MQG) and the ANZ Bank (ANZ) for further evidence that the solid performance of the country’s banks is continuing in the current reporting season.
Read MoreThe news was upbeat from the first of the banks to report results or trading updates this week – Bendigo and Adelaide Bank (BEN) revealed a 9.9% rise in annual cash after tax profit, and will pay a higher final dividend to go with the increased interim payout.
Read MoreBendigo and Adelaide Bank (BEN) has joined the growing list of reporting companies boosting payouts to shareholders.
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