BFG - Bell Financial Group

[divs4ever]

i use both as a trading platform , each has their good points

and try to max. the strong points of each when possible

 

[Ferret]

My pick for the February comp.

BFG seems to have missed out on the January rally. No idea why.

Decent half-yearly results might rectify this in February.

 

[debtfree]

Weekly Chart Update

 

[Sean K]

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!

What the hell are 'funds under advice'?

 

[Dona Ferentes]

What the hell are 'funds under advice'?

their best number?

what their clients hold but they don't necessarily manage.

 

[Ferret]

What the hell are 'funds under advice'?

Probably all the shares where BFG is the broker sponsor, ie held under BFG's HIN.

Might also include money held in client's cash accounts with BFG.

 

[Dona Ferentes]

from their website

Across our companies Bell Potter Securities Ltd, Bell Potter Capital Ltd and Third Party Platform Pty Ltd, we service over 600,000 clients with funds under advice exceeding $79.8 billion. Our collective strength lies in providing focused investment solutions for all our clients – corporations, institutions, superannuation funds and individuals

it's not only broking services but advice, invoiced. A clip here, a retainer there,

 

[Sean K]

Been an OK Feb @Knobby22

 

[Knobby22]

Been an OK Feb @Knobby22

View attachment 171433

Will be a drop late next week when 4c divvy paid.

 

[divs4ever]

my average price is just over 54 cents , that div. will be gratefully accepted

 

[Knobby22]

Saw on their website you can now directly buy US shares - with no brokerage for a short time.
Their presence in the USA looking good.
Premium product.
Happy to keep holding.

 

[Knobby22]

Trading update. 1st quarter.
Revenue up 17%, profit up 60% from previous year.
Very nice.

 

[Ferret]

Trading update. 1st quarter.
Revenue up 17%, profit up 60% from previous year.
Very nice.

Pity it was on a down day.

Happy to hold.

 

[Knobby22]

If you look at the latest presentation today, you can see profit at present is above last year at a particular moment in time (April) , (2.6m vs 2.3m).

 

[Knobby22]

Monthly pick, based on profit guidance.

 

[Joe Blow]

Monthly pick, based on profit guidance.

A little more detail would be good Knobby. What is it about the profit guidance that makes you bullish on BFG?

 

[Knobby22]

A little more detail would be good Knobby. What is it about the profit guidance that makes you bullish on BFG?

The EMERGING LEADERS CONFERENCE provide some bullish guidance.

All the YTD (until the end of April) indicators show BFG well ahead of the numbers for the pcp. e.g. eps was 3.3 cps compared to 1.4 cps at the same time last year. Profit at present is above last year at a particular moment in time , (2.6m vs 2.3m)

 

[Knobby22]

As per previous post, I am expecting a good result. In previous years interim guidance is provided mid month so once that occurs there will be buying, especially from retirees looking for safe high yields.
My pick for the month.

 

[Knobby22]

A little more detail would be good Knobby. What is it about the profit guidance that makes you bullish on BFG?

And now the reality.

Bell Financial Group Ltd (ASX:BFG) anticipates reporting a first half profit before tax of approximately $23.8 million, a 47% increase on the prior corresponding period.

An excellent result.

 

[Knobby22]

50% increase in profit, larger than the 47% promised. 4c a share dividend, up 33%.
All good.