Australian (ASX) Stock Market Forum

BFG - Bell Financial Group

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$1.66 close - This thing just keeps going. They released a presentation last week with August numbers.


I'm thinking that perhaps this thing really can just keep on growing, the numbers certainly suggest that there is no ceiling regardless of the recent emergence of super discount brokers, there is more to Bell than simple discount broking.

Charts for Third Party Platform (online retail broking) below, group revenue is 15x higher.
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BFG.JPG
 
My pick for the month.
Thought about a tourism company/Kathmandu etc. but have bad feelings about where this is going - not sure if NSW people are serious enough about this threat.
So BFG.
Great yield, getting good deals on new companies, growth is good, pretty unaffected by Covid, often an update to earnings in late July.
Now one of my larger holdings.
 
Knobby22 said:
My pick for the month.
Thought about a tourism company/Kathmandu etc. but have bad feelings about where this is going - not sure if NSW people are serious enough about this threat.
So BFG.
Great yield, getting good deals on new companies, growth is good, pretty unaffected by Covid, often an update to earnings in late July.
Now one of my larger holdings.
Click to expand...
Well that didn't work out.
Only a small increase in profit which the market didn't like but this is in the historically weaker half with a truly amazing profit increase on the previous 6 months so personally very happy and have put a bid in if the price drops more.
 
Knobby22 said:
Well that didn't work out.
Only a small increase in profit which the market didn't like but this is in the historically weaker half with a truly amazing profit increase on the previous 6 months so personally very happy and have put a bid in if the price drops more.
Click to expand...
I guess the small profit increase didn't meet expectations.

BFG isn't priced as a high growth, low yield stock though. Even if it didn't increase its dividend, the 10.5c total dividend paid over the last 12 months equates to a yield over 6%. Still looks very sound to me.
 
i was hoping BFG would go higher ( than $2 ) so i could take my investment cash off the table , but looks like i will have to wait a while longer to get my price

i have held BFG since 2011 , and they have been a nice investment without being flashy ( and obvious the the div. yield at my buy in price is pretty good ... way below $1 .. Commsec is doing maintenance so can't tell the av. share price straighrt away )

at the end of last month BFG was just outside my top ten holdings
 
Final divy same as last year. 6.5c
5% drop in EPS due to weaker ECM results but they were excellent the previous year.
I expect next year to be improved and growth to continue. Does not look expensive at present price. $1.61
 
divs4ever said:
i was hoping BFG would go higher ( than $2 ) so i could take my investment cash off the table , but looks like i will have to wait a while longer to get my price

i have held BFG since 2011 , and they have been a nice investment without being flashy ( and obvious the the div. yield at my buy in price is pretty good ... way below $1 .. Commsec is doing maintenance so can't tell the av. share price straighrt away )

at the end of last month BFG was just outside my top ten holdings
Click to expand...

for reference my av. share price is 54.5 cents , but still haven't reduced the holding ( as i hoped i might have )

so yes i am still fairly happy with BFG .. but at the right price , it just makes sense to grab the investment cash off the table ( in my opinion )
 
Oops-a-daisy

www2.asx.com.au

BFG share price and company information for ASX:BFG

View today’s BFG share price, options, bonds, hybrids and warrants. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer analysis and key company information.
www2.asx.com.au www2.asx.com.au

ASX RELEASE.
16 February 2022
AUSTRAC NOTICES
Bell Financial Group Ltd (ASX:BFG) is providing an update in relation to its compliance with the
Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (AML/CTF Act).
The Group’s subsidiaries, Bell Potter Securities Ltd, Bell Potter Capital Ltd and Third Party
Platform Pty Ltd have received notices from AUSTRAC requiring the appointment of an external
auditor to assess compliance with their obligations under the AML/CTF Act.
Click to expand...
 
so there aren't other avenues for money-laundering ??

i think there are

but time will tell who gets caught , and who misses even a lettuce slap
 
i was looking to reduce , but i doubt i will get that price any time soon , and not a big chance it will drop below 50 cents so i can add some more

i guess them's the breaks
 
BFG really getting smashed, under $1.20 now.

Is this oversold or is the AUSTRAC investigation finding problems?
 
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