BFG - Bell Financial Group

[So_Cynical]

Bell Financial Group is the mob behind the discount online broker Belldirect, BFG have a 36% interest in Third Party Platform P/L who actually own and operate https://www.belldirect.com.au/

Bell Financial Group has a full-service private client stockbroking arm called Bell Potter security's, they also provide the full range of financial advise and services like estate planning, foreign currency exchange and hedging, super and derivatives, commodity trading for corporation's and individuals. http://www.bellpotter.com.au/

They even have a wholesale broking firm Southern Cross Equities and operate a in-house margin lending service...They have a staff of over 600 and run 14 offices Australia wide. http://www.bellfg.com.au/

• 125000 active clients
• Funds under advise 13 Billion
• Total annual revenue over 150 million
• Market cap 193 million
• Cash and equivalents 108 Million
• Gross dividend yield over 10% (cant last can it :dunno

BFG Floated in 2007 at $2 a share, on Thursday they traded as low as 79 cents per share...a 12 month low funny how someone else's misfortune can coincide with someone else's good fortune/luck..the other side of the coin.

Anyway spending 20 minutes looking at the BFG business should tell anyone that 'this is a good business' with strong revenues and good profits, FF dividends and from this point in its price cycle...good potential for SP growth...hard to believe there's no thread here for BFG :dunno: in my opinion they would have to be considered one of the best truly diversified financial stocks listed on the ASX.
~

 

[Slipperz]

Bell Financial Group is the mob behind the discount online broker Belldirect, BFG have a 36% interest in Third Party Platform P/L who actually own and operate https://www.belldirect.com.au/

Bell Financial Group has a full-service private client stockbroking arm called Bell Potter security's, they also provide the full range of financial advise and services like estate planning, foreign currency exchange and hedging, super and derivatives, commodity trading for corporation's and individuals. http://www.bellpotter.com.au/

They even have a wholesale broking firm Southern Cross Equities and operate a in-house margin lending service...They have a staff of over 600 and run 14 offices Australia wide. http://www.bellfg.com.au/

• 125000 active clients
• Funds under advise 13 Billion
• Total annual revenue over 150 million
• Market cap 193 million
• Cash and equivalents 108 Million
• Gross dividend yield over 10% (cant last can it :dunno

BFG Floated in 2007 at $2 a share, on Thursday they traded as low as 79 cents per share...a 12 month low funny how someone else's misfortune can coincide with someone else's good fortune/luck..the other side of the coin.

Anyway spending 20 minutes looking at the BFG business should tell anyone that 'this is a good business' with strong revenues and good profits, FF dividends and from this point in its price cycle...good potential for SP growth...hard to believe there's no thread here for BFG :dunno: in my opinion they would have to be considered one of the best truly diversified financial stocks listed on the ASX.
~

Geez the chart is looking a bit sick.

The buy depth is nonexistant as well. Might have further to go southwards.

Can't see why the sentiment is so negative though, might have to look at this a bit closer.

Got it on my watchlist now might jump in at some point soonish

 

[So_Cynical]

Geez the chart is looking a bit sick.

The buy depth is nonexistant as well. Might have further to go southwards.

Can't see why the sentiment is so negative though, might have to look at this a bit closer.

Got it on my watchlist now might jump in at some point soonish

Pretty much all the financial advice stocks, brokers and fund managers have been hammered over the last 4 or 5 months....im guessing it has to do with uncertainty over the Cooper super review and the new laws around paying for advice and commissions etc, and the very light volumes of stocks being traded should equal less revenue and thus less profits for the brokers.

I've been watch the whole sector falling since Jan and will buy a non fund manager soon....bottom for these guys must be close now.

 

[JTLP]

Pretty much all the financial advice stocks, brokers and fund managers have been hammered over the last 4 or 5 months....im guessing it has to do with uncertainty over the Cooper super review and the new laws around paying for advice and commissions etc, and the very light volumes of stocks being traded should equal less revenue and thus less profits for the brokers.

I've been watch the whole sector falling since Jan and will buy a non fund manager soon....bottom for these guys must be close now.

Hit the 12 month low today : by a big 1 cent from the previous low. The buy/sell depth is pretty spread and you'd either need to step it up to get some or sit tight (I might do the latter if my finger gets itchy).

Directors are buying but after reading the half yearly the CEO doesn't seem too flashy. Business as usual it would seem.

You in Cynical?

 

[So_Cynical]

You in Cynical?

LOL i found another stock by accident today that caught my eye... no not in yet as still trying for a low ball re-entry into CPU

Besides im thinking BFG could get to 0.75 and i would really be wanting to buy on one of those biggish down days...anyway i sold out of MDL today so have enough funds for 2 stocks and only room for 1 new one in the portfolio.

Ill make up my mind over the next couple of days, BFG really is a great business with very safe revenues, when the upswing starts in earnest and the punters return to the market i can really see the SP taking off.

 

[Huskar]

BFG down 10% today on no news to 63c. Directors buying at 72c. Anyone hazard a guess as to why?

Did you get in on this in the end So_Cynical?

 

[So_Cynical]

BFG down 10% today on no news to 63c. Directors buying at 72c. Anyone hazard a guess as to why?

Did you get in on this in the end So_Cynical?

No i missed the last run when it bottomed soon after i created this thread and then had a marvellous run up to around a 1.40 over the next 6 months only to now be back where it was almost 2 years ago.

Honestly if i had enough money for a new stock BFG would be on my very short list of 3 or 4 stocks....with luck ill be able to exit a trade early in the NFY and get me some BFG.

 

[tonza]

I have long suspected that ECM activity contributes a big chunk to BFG's bottom line. I spent the last 15 minutes looking for some indication of how much ECM revenue flows through to the bottom line. Couldn't find what I was looking for. Can anyone help?

 

[So_Cynical]

Three and a half years after starting this thread i have finally got around to adding BFG to my portfolio, in today at 0.60c

Things to like about BFG at the moment.

• At a significant low point in the share price cycle.
• No debt, lots of cash and equivalent.
• YOY Group Revenue up 17%
• YOY Profit up
• YOY Dividend up 50%
• YOY FUA up 16%
• YOY Equities execution revenue up 18%
• 51% ownership of Bell direct platform
• Bell direct operating at near break even with 50000 accounts.

http://www.asx.com.au/asxpdf/20140225/pdf/42mz9gy802z3db.pdf

 

[So_Cynical]

Bell trading under 50c today, a little strange considering that the company is profitable and paying dividends etc, 3 year chart indicates that there has been some support at the 49/50c level over the last 2 and a half years, no bad news...triple/double bottom in as well.
`

 

[oldblue]

Probably reflects market unease and foreboding concerning the outlook for equities and investment generally. A time to "buy in gloom" perhaps?

 

[JTLP]

They also dropped their interim dividend completely from the look of their half yearly accounts. What's the compelling reason to buy when they also got hammered on profit?

 

[So_Cynical]

They also dropped their interim dividend completely from the look of their half yearly accounts. What's the compelling reason to buy when they also got hammered on profit?

I really should of gone through the half year report before i posted, certainly contains no compelling reasons to buy...still at its core its a good business, Bell direct is slowly building a third party clientèle, HSBC and now Macquarie prime.

The SP can probably go lower...a compelling reason to buy is a very necessary thing, thanks for reminding me.

 

[So_Cynical]

Seems to be a lot of support at the 0.49 level so i took a chunky average down @ 0.495 ~ while there was no overwhelming compelling reason for my entry i feel that there is no un-compelling reason either...the current price and the slight upturn in their business was enough to sway me.

 

[notting]

And right we were!

I know the owner and he was the only person buying it during the financial crises. People were laughing behind his back like it was a bit of a joke.
Their not laughing any more.
Colin Bell 120,528,028 with a fully franked div or 7.5 and more where the buying was done!

10-MONTH 2015 PROFIT BEFORE TAX 100% AHEAD
OF 2014 FULL YEAR PROFIT
Institutional Broking and Equity Capital Markets division
revenue up 39% to $30m
PBT $6.6m
Futures and Foreign Exchange division
revenue up 37% to $11.2m
PBT $1.8m

Now that's how to make money!

 

[VSntchr]

Without having looked beyond a couple of recent announcements and accounts, my only thoughts here are: what the hell am I missing?
Seems very cheap...it's basically saying they have more than doubled their earnings..yet SP is lower.

The long term chart is indicative of persistent big holder selling...

 

[So_Cynical]

The long term chart is indicative of persistent big holder selling...

Maybe there are still people selling that held in 2010/11, swapping expensive shares for cheap ones. :dunno:

With the jump in profit and revenue announced today, all business segments operating profitably (first time in many years) then i think its safe to assume a higher dividend payout in 2016, yield of maybe 7 or 8% on yesterday's close.
~

 

[McLovin]

Without having looked beyond a couple of recent announcements and accounts, my only thoughts here are: what the hell am I missing?

They're pretty levered to the health of M&A and equity market. $6.6m PBT on $30m revenue from ECM division. That could evaporate very quickly (as it did before). It's a pretty volatile earnings stream they've got. We've had reasonable period for ECM over the last few years, M&A, cap raisings etc. The SP seems to reflect the lack of conviction by the market in the sustainability of those earnings. Retail equities seems to be a labour of love.

 

[notting]

Yesterday -

Retail equities seems to be a labour of love.

Or a shrewd way of letting everyone know you exist and a profitable way of helping them get to know you: 9% today:dance:

SP seems to reflect the lack of conviction by the market

Perhaps the market changed it's mind.

 

[So_Cynical]

(10th-November-2015) With the jump in profit and revenue announced today, all business segments operating profitably (first time in many years) then i think its safe to assume a higher dividend payout in 2016, yield of maybe 7 or 8% on yesterday's close.
~

AGM announcements out today, interesting that the MD commented on the continuing SP weakness in spite of excellent results, point out that all 4 divisions are operating profitably and have growing revenues, Third party platform now has 90000 active accounts with $7.8b in client sponsored holdings, $74m in client cash accounts

As a Group in 2015 we generated $178m in gross revenue. We earned 6.2 ¢ per share and
paid out 4.5 ¢ in fully franked dividends to shareholders. Based on the BFG share price at 31
December 2015 of 57.5 ¢ we were trading on a price earnings multiple of 9.7x and a fully
franked yield of 7.8% which grosses up to 11.2%.

The only conclusion I can reach from these numbers is that at 31 December 2015 our
shares were undervalued and at 50 cents today, with the business currently tracking in line
with last year, they are even cheaper.

http://www.bellfg.com.au/pdf/2016-04-21 AGM Presentation Materials.pdf

On target for close to 5c in total dividends this year maybe more, over due for a major rerating IMO.