Report
Ravi Reddy
EUR 147.86 For Business Accounts Only

Bendigo's retail bank branch focus is a core strength.

Bendigo and Adelaide Bank’s share purchase plan, or SPP, looks attractive at current prices with the stock is trading 8% below our AUD 12.00 fair value estimate. Eligible shareholders can apply for up to AUD 7,500 of shares at an issue price equal to a 2.5% discount to the volume weighted average price, or VWAP, of Bendigo Bank shares for the five trading days ending (and including) 21 October 2016. For example, if the five day VWAP is AUD 11.00 per share, the issue price for each share under th...
Underlying
Bendigo & Adelaide Bank Ltd.

Bendigo & Adelaide Bank provides a range of banking and other financial services including consumer, residential, business and commercial lending, deposit-taking, payments services, wealth management, funds management and superannuation, treasury and foreign exchange services. Co. provides these services primarily to retail customers and small to medium sized businesses throughout Australia. The key lending activities are commercial finance, business lending and consumer finance which includes residential loans, personal loans, credit cards and overdrafts. As of June 30 2016, Co. had total assets of A$68.58 billion and total deposits of A$57.05 billion.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Ravi Reddy

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