What’s your opinion on Bank of Queensland’s Share Purchase Plan?

Should I take subscribe to Bank of Queensland’s share purchase plan?

A: The BOQ SPP closes tomorrow (Friday).

It is likely to price around $7.20.

 

I am not a huge BOQ fan, but under new CEO George Frazis, there will no doubt be a plan to turn it around. The brokers are in the main negative on the stock, although the consensus target price of $7.79 sits at about a 5% premium to the current market price (range of targets is $7.20 to a high of $8.65). I guess it’s starting to look a little cheap.


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