The Stock of the Day is Bank of Queensland (BOQ)

Bank of Queensland shares are under pressure as the lender flags continued pressure on revenue and margins, as well as increasing risk into FY24 due to the elevated cost of living and higher interest rates. This as it posts a 70% slide in full-year net profit to $124 million. Net interest margin was 1.69%. Revenue was slightly higher at $1.76 billion, up 6%. Cash earnings were at $450 million.
The dividend was also cut - with 21 cents a share payout declared, down from 24 cents a year earlier.

Michael Wayne of Medallion Financial and Francesco De Stradis of Ord Minnett go stock-specific and in-depth on 'the call'.

Stocks covered:
Pointsbet (PBH)
Santos (STO)
BetaShares Australia 200 ETF (A200)
Macquarie Group (MQG)
Aristocrat Leisure (ALL)
Origin Energy (ORG)
EVT (EVT)
Hub24 (HUB)
Technology One (TNE)
Paragon Care (PGC)

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[neilstleon]

Michael is super intelligent and very wise and logical. Really enjoy listening to his analysis

[geoffreyirving]

Why aren’t you putting my stock selection up for analysis (ATP)?

[judithdavison]

BOQ made mistakes. First mistake: insisting on changing borrowers to P&I when the borrower could easily meet Interest only ongoing with increaded rates This forced borrowers to look elsewhere.
Second mistake: ageist attitude to some customers who are adequately asset rich. If BOQ want to annoy boomers who are asset rich of course they will go elsewhere.
Third mistake: short term vision.