BEN 0.72% $9.61 bendigo and adelaide bank limited

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    Like the major banks BEN seems to perform well technically. Might be worth careful consideration that it failed to hold above $8.34. Tried to break back through on the 3/10 and has now fallen away.

    Many of BEN's regional franchises are going to be very hard hit by drought conditions if they continue particularly in rural Victoria - the farmers catch cold but its the towns that get the flu.

    Having been through a few droughts in rural business the level of bad debts and defaults far exceeds anything seen in urban centres and BEN franchises seem to be picking up a substantial share of business in the towns they are in.

    I wonder what the quality of this business is like ?
 
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$9.61
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$9.68 $9.70 $9.60 $27.94M 2.898M

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5 61020 $9.61
 

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$9.64 1000 1
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$9.64
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