look- most people have been hoodwinked because of investment bank forecasts.
how can you have a paltry $15 million ( actually $10M after tax) of operating improvements on a $350 Million NPAT to cause the SP to fall by 15%?
it actually equates to only 3%, but even so, as the CEO reiterated, it will be all retrieved in the beneficial cost savings during 2016.
in other words you have a bank that needs no capital raisings like the big 4, and is at least 12% undervalued.
i do not like banks in general, but i can't stare a gift horse in the mouth either, so guess what i did?
cheers crazypunter
News: BOQ Bank Of Queensland says refines operating model, page-9
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