Why would y not? If the FV of a stock is $13 compared to peers, it is a bargain IMHO. FOMO time.
Seems the market did not take the $20 million AUD Centrepoint Alliance purchase very well but that should be embedding, an accretive good business opportunity. It fits their past operating model of developing niche business units where the competitive pressure from the majors does not exist.
EPS growth forecasts and lending growth in the 5% mark, benign credit conditions, bad debts and improving costs. Not many customers have switched to the majors despite BOQ's rate rises late 16 and expected rises early 2017.
They have different channels to the majors with business specialists and mortgage brokers being profitable channels.
It is FOMO time for BOQ below $12 IMHO.
AUD 12 per BOQ share fair value estimate, page-16
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Last
$6.90 |
Change
-0.040(0.58%) |
Mkt cap ! $4.266B | |||
| Open | High | Low | Value | Volume |
| $6.93 | $6.93 | $6.87 | $8.824M | 1.278M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16673 | $6.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.90 | 39563 | 3 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| BOQ (ASX) Chart |
