They watered down the shares with equity raising and ripped off...

They watered down the shares with equity raising and ripped off the very people that laud their manangement ,bit spooky really a bit like project tragicform

Bendigo Bank a standout amid disappointing profit results John Durie From: The Australian February 15, 2010 1:14PM

AFTER a good first week of profit numbers, the market fell into negative territory today with a string of worse than expected earnings results and more muted outlook statements.
The impact of the equity-issuance binge was also painfully obvious, and it was very clear with today�s star performer, Bendigo Bank, which grew profits in the first half by 24.4 per cent, while earnings per share rose by just 1.2 per cent due to the $300 million equity raising.