BFG - Bell Financial Group

[divs4ever]

BELL FINANCIAL GROUP PROVIDES UPDATED 1H2022 EARNINGS GUIDANCE

Bell Financial Group Ltd (ASX BFG) today provided guidance that it expects first half 2022 earnings
to be down approximately 45% on the preceding corresponding period (pcp).
While all our business units remain profitable current market volatility and uncertainty around the
outlook for interest rates, inflation and economic growth has resulted in the recent postponement
of several capital market transactions and a corresponding reduction in corporate fee income of
approximately 50% on a pcp basis.
We have a number of diverse income streams and a well-managed fixed cost base which puts us
in a strong position to manage market downturns and to continue to execute on our growth
strategy.
Our investment in technology, proprietary platforms and various products and services remains a
priority. We expect to report first half revenue and profit growth in this segment of our business.
Full details will be provided when the first half 2022 results are released in August.

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( DYOR )

i hold BFG

 

[Knobby22]

Been rising a bit and so I am back in.
Might be some good news coming.
First thing I have bought in 9 months.

 

[Knobby22]

Still waiting on decision. Price so far stable. By the yearsxend if conditions improve could be related substantially.

 

[divs4ever]

Still waiting on decision. Price so far stable. By the yearsxend if conditions improve could be related substantially.

i hope you are right , i have several thousand of these bought at an average below 55 cents

M&A activity (as an agent in the process ) may be pivotal this year for BFG

 

[aus_trader]

Shares purchased for the Medium/Longer Term Stock Portfolio. Have traded BFG before, but I think represents long term value at current depressed price levels.

 

[divs4ever]

Shares purchased for the Medium/Longer Term Stock Portfolio. Have traded BFG before, but I think represents long term value at current depressed price levels.

one of the few shares i have ( so far ) resisted taking out that investment cash when i had the opportunity ( but was seriously tempted , at the time )

yes i always planned to hold SOME long term ( time will tell if i should have reduced , though )

 

[Knobby22]

Shares purchased for the Medium/Longer Term Stock Portfolio. Have traded BFG before, but I think represents long term value at current depressed price levels.

The unknowable is obviously the fine size. The price is discounted. Is it discounted enough?

 

[aus_trader]

The unknowable is obviously the fine size. The price is discounted. Is it discounted enough?

I think there's a point it's too good a deal to pass on and that's what I am seeing with BFG right now. There is no guarantee that price won't go lower if there is a deep recession in the economy. If that's the case, most stocks including those unscathed Big Blue Chips will start taking hits IMO and I think due to diversification of its income streams BFG may fair well, given it's already taken a ~50% cut from a year ago.

The dilemma with trading vs investing: I think every person who has been in the market for some time goes through this and continues to do so. That is if I were to trade BFG like I have done in the past, price would need to gain more strength or momentum and by then the current attractive valuation with single digit PE and double-digit franked dividends will be gone due to share price appreciation.

 

[Knobby22]

My monthly pick.
It has been a year since Austrac go tg involved. Surely announcement this month.

 

[Ferret]

Something positive from BFG today. Up 9% in response, but still below where it was at the start of the year.

I wonder what is happening with the money laundering investigation? This seems to have been going on forever and very few updates.

BELL FINANCIAL GROUP PROVIDES UPDATED 1H2023 EARNINGS GUIDANCE
Bell Financial Group Ltd (ASX: BFG) today provided guidance that it expects first half 2023 earnings are likely to exceed earnings in the first half of 2022.
Following our first quarter trading update provided to the market at our AGM in April when we advised that earnings were down 29% on the previous corresponding period we are pleased to advise that following a stronger second quarter, led by solid performances in our Technology & Platforms and Products & Services businesses, together with an increase in completed Equity Capital Markets transactions, we expect first half 2023 earnings are likely to exceed earnings in the first half of 2022.

 

[Knobby22]

My pick this month.
Earning upwards guidance 9see above from Ferret) and today's announcement of no fines from Austrac.

30 June 2023 FINALISATION OF AUSTRAC EXTERNAL AUDIT Bell Financial Group Ltd (ASX: BFG) today received final notification from AUSTRAC following its consideration of the reports from the external auditor on its three operating subsidiaries, Bell Potter Securities Limited, Bell Potter Capital Limited and Third Party Platform Pty Ltd. AUSTRAC has decided that it will not be taking any further regulatory action. Bell Financial Group Executive Chairman Alastair Provan stated: “This is a pleasing outcome and provides certainty to our shareholders and clients. We have benefited from the independent audit process which has enabled us to enhance our existing AML/CTF compliance program. We look forward to continuing to grow our business.”

Big rise coming this month. Hope not too much today.

 

[finicky]

Looks pretty good from a charting pov in my opinion and might have already made a significant low. Higher high after a higher low today albeit pulling back so far ftom intraday high. Looks like enough were anticipating a pass from regulator? On the monthly chart its made a hammer candle.

Not Held

 

[Ferret]

Big rise coming this month. Hope not too much today.

Got your wish Knobby. I thought it would bounce more today.

I think you are onto a winner for July with BFG's good trading update and now the AUSTRAC investigation behind them.

 

[Knobby22]

Got your wish Knobby. I thought it would bounce more today.

I think you are onto a winner for July with BFG's good trading update and now the AUSTRAC investigation behind them.

Often, it takes a while for the technical traders to catch on.

 

[Knobby22]

Often, it takes a while for the technical traders to catch on.

And here we go. Announcement profit to be up 21%, SP up 11% today.
Get em while their hot!

 

[finicky]

5.6% move today, seems to have left its flat base. Took the price above the ultimate swing high of the downtrend over a year ago. I checked it out when Knobby mentioned it but couldn't see a favorable value argument from historical data so stopped watching it as a chart.

Not Held

DAILY 2 Year

 

[Knobby22]

My new 4th pick for the yearly comp,
Already risen substantially but can rise a lot more as long as the stockmarkets are suitable for corporate raisings etc.

 

[Knobby22]

No news this month. I think next month will be interesting. Own.

 

[divs4ever]

No news this month. I think next month will be interesting. Own.

i hold ( and am nicely up )

am watching to see if they are doing anything to help their HNW clients to grow wealthier ( Gina Rinehart , for example )

i notice that so far they have resisted cutting brokerage fees ( unlike , say Commsec )

are they focusing more on their wealthier clients

 

[Knobby22]

i hold ( and am nicely up )

am watching to see if they are doing anything to help their HNW clients to grow wealthier ( Gina Rinehart , for example )

i notice that so far they have resisted cutting brokerage fees ( unlike , say Commsec )

are they focusing more on their wealthier clients

Wouldn't surprise me.

I use them and find them so much better than Comsec whom I was with previously. I think they don't need to worry about price so much for their retail clients.

It's the big deals (floats etc.) that make the money though and I am expecting with the new confidence in the stock market that there should be a good year coming up!