Seems like more capital raising is possible. A pity for all holders. My entry price just seems to keep dropping. Super difficult to pick the bottom.
Bendigo to lift result, seek $100m Monday, February 16, 2009 By ERIC JOHNSTON, FINANCIAL SERVICES EDITOR The Age (410 words)
ABSTRACT: BENDIGO and Adelaide Bank is expected to become the latest bank to tap shareholders for funds, with the regional lender believed to be planning a further raising to support its balance sheet.
The raising - expected to be more than $100 million - is set to coincide with Bendigo's interim results this morning, with analysts forecasting earnings of about $128million for the six months to December 31.
The latest raising, described by investment banking sources as opportunistic, comes on top of Bendigo's $175 million well-supported ...
BEN Price at posting:
$8.01 Sentiment: ST Sell Disclosure: Not Held
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