Thats not a good analysis of what is happening. I worked for the product department at a big bank for a few years and I can assure you that they know exactly how many customers they lose/gain on every pip. If they charge more and pay less it because they have the capital they need.
This is no guessing game it is as certain as the return on a roulette wheel, not some crazy punt, a responsible calculated risk.
If you don't like the rate they are paying then move you are already factored in.
Given we know that more of what they lend is from deposits compared with the other banks it makes them more resilient and also less open to shocks from overseas rate rises.
I own most of the banks I only bank with one or two one usually overseas ADI's. It's not a sentimental thing. Some might like to bank with a company that doesn't knowingly launder for terrroists. I'm a bit old school I would consider that treason. At the other end of that feedback loop how many children died so a few managers could get their bonuses. I'd rather see lower returns than be part of that. Good on BEN for not rolling that way.
Anyway I got in at 9.99 pretty happy after selling at 11.83 not so long ago. I don't chase dividend here and Bill Shorten now makes that a better strategy than ever. If the rules change yiou can adapt.
Anyway most likely your missing out on a easy 10-20% by October.
Good luck. A strong buy from me.
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