Takeover or merging with another bank, page-7

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JCoure

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03/02/23

10:04

Post #: 66048122
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Originally posted by sydney: ↑

The share prices of Ben and Boq as well as Suncotp have been kept low, especially Bendigo and Adelaide Bank for a number of reasons , we all know but I would like to argue few point against the impact of fear campaign and market manipulation.

First of APRA has encouraged the banks to lend and support the economy and was happy to lower the threshold for common equity tier capital ratios, mind you the CET ratios for Bendigo and Adelaide is 9.8 percent.

There is no need for capital raise since the clever management saw the trouble in China, predicted the worst and raised $250m from institutional investors at $9.34 and additional $50m from retailers at $6.72.

The appointment of Mr David Foster who managed Suncorp for years and joined Bendigoand Adelaide Bank last year as non- executive Director would be instrumental in working towards merging with Suncorp or for Suncorp to take us over.

The last time the board of both companies discussed this was last year. There is also the chance of Bank of Queensland making a move. I guess time will tell.

My thoughts only

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Massive shorting of BOQ looks curious if BEN and BOQ merger takes are going to work. To me, BEN looks overpriced, BOQ looks undervalued.

BOQ should be about $12 IMHO and BEN should be about $7- $8 IMHO. I have been saying this for a while b4 the Marnie Baler and George Frazis issues.

BEN Price at posting: $10.05 Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last $12.24		Change 0.020(0.16%)		Mkt cap ! $6.946B

Open	High	Low	Value	Volume
$12.22	$12.27	$12.16	$2.941M	240.7K

Buyers (Bids)

No.	Vol.	Price($)
36	6864	$12.23

Sellers (Offers)

Price($)	Vol.	No.
$12.24	3353	29

View Market Depth

No.	Vol.	Price($)
34	5173	12.230
33	10770	12.220
25	7956	12.210
23	12467	12.200
12	5449	12.190

Price($)	Vol.	No.
12.240	5524	32
12.250	5965	14
12.260	4539	9
12.270	8648	12
12.280	13020	9

Last trade - 12.54pm 28/07/2025 (20 minute delay)

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