Analysis of Bank of Queensland, Inghams Group, Qube Holdings
Fund Manager Chris Pedersen discusses Bank of Queensland, Inghams Group and Qube Holdings.
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BOQ is one of Australia’s leading regional banks. We’re also among the few still not owned by one of the big banks.
At BOQ, most of our branches are run by local Owner-Managers. This means they’re running a small business and understand what it means to deliver personal service.
We pride ourselves on building long-term customer relationships that are based on mutual respect and understanding.
We have more than 180 branches across Australia and in each and every one of them you’ll find us really getting to know our customers and recognising the things they need. It’s how we’ve been doing business since 1874.
We’ve created simple, easy-to-understand banking products to help support our customers’ financial needs. We offer a range of these products and services to individuals, as well as businesses.
We’re one of the top 100 Australian companies ranked by market capitalisation on the Australian Securities Exchange and are regulated by the Australian Prudential Regulation Authority as an Authorised Deposit-taking Institution.
Fund Manager Chris Pedersen discusses Bank of Queensland, Inghams Group and Qube Holdings.
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Fund Manager Chris Pedersen discusses Telix Pharmaceuticals, Bank of Queensland and MAAS Group Holdings.
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Bank of Queensland (ASX: BOQ) has announced its FY24 results, reporting a significant rise in statutory net profit after tax to $285 million, a 130% increase from FY23. However, cash earnings after tax saw a 24% decline to $343 million, reflecting challenges in a competitive lending market and rising operational costs.
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The struggling Brisbane-based regional bank on Thursday unveiled a wholesale revamp of its business structure and operating systems in what appears to be a final gamble for the company. If this revamp fails, Bank of Queensland may be swallowed by a larger rival for prudential reasons (a bailout).
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Despite cutting its interim dividend and reporting a slump in earnings and surge in costs, shares in the Bank of Queensland (ASX:BOQ) still managed a solid 5.1% gain on the day in the wake of the release of its half-year report.
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Bank of Queensland (ASX:BOQ) has cut its interim dividend after reporting a sharp slide in revenue and cash earnings for the six months to February 29.
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In the realm of profit announcements, cash earnings typically reign supreme for most banks, though Westpac has reverted to using statutory earnings.
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The Bank of Queensland (BoQ) has become the latest listed Australian financial group to be pinged by key financial regulators AUSTRAC and APRA.
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Updates Thursday from energy major Santos, whose revenue is headed in the wrong direction, and Bank of Queensland, who confirmed they are in the regulator's sights.
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Investors ended up being pretty sanguine on Friday about the Bank of Queensland announcing $260 million in provisions, lower profit and dividend, and possible pressure from regulators.
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Bank of Queensland has announced that ex-Chair Patrick Allaway will take over the role in a full-time capacity until 2024 after an unsuccessful external search for a suitable candidate.
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Bank of Queensland shares fell more than 5% yesterday on news that it is looking for a new CEO after removing incumbent George Frazis from the position.
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