BFG - Bell Financial Group

[Knobby22]

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

Market hasn't been impressed. Price going nowhere.
A lot of their earnings come from floats and similar trades and there just seems to be a lot of uncertainty at present.
Whoever wins the US elections will have a major influence on interest rates and trade - also a possible recession looming in a number of countries.

 

[qldfrog]

Market hasn't been impressed. Price going nowhere.
A lot of their earnings come from floats and similar trades and there just seems to be a lot of uncertainty at present.
Whoever wins the US elections will have a major influence on interest rates and trade - also a possible recession looming in a number of countries.

I got sold on SL yesterday...

 

[Knobby22]

I got sold on SL yesterday...

SL?

 

[qldfrog]

Stop Loss

 

[Dona Ferentes]

Bell Financial Group, capitalised at $400million, is understood to have made a scrip-based bid to E&P Financial (EP1), which has $80.5 billion in advisory assets; more than 325 advisers on its books; and a solid ECM business. EP1 is in the process of delisting.

Sources said while talks between the two firms did not progress, the rationale for Bells’ interest was logical. E&P is at the tail-end of its legal and regulatory troubles; meanwhile its wealth and corporate advisory businesses are trading well below underlying value; and the company has signalled its intention to decamp from the ASX.

 

[Knobby22]

Bell Financial Group, capitalised at $400million, is understood to have made a scrip-based bid to E&P Financial (EP1), which has $80.5 billion in advisory assets; more than 325 advisers on its books; and a solid ECM business. EP1 is in the process of delisting.

Sources said while talks between the two firms did not progress, the rationale for Bells’ interest was logical. E&P is at the tail-end of its legal and regulatory troubles; meanwhile its wealth and corporate advisory businesses are trading well below underlying value; and the company has signalled its intention to decamp from the ASX.

Delisting is a good option sometimes
Not sure owning such a company, a mini AMP, would have been that good for BFG.

SP been fairly subdued since the dividend. Other more volatile shares to follow in a rising market.

 

[Knobby22]

SP still subdued.
BFG often dips between dividends as more exciting companies attract attention.

Given the profit rises I would expect a 4.5c dividend next so would expect price to rise to above $1.30 by Christmas at a minimum to reflect this.

 

[Knobby22]

Takeover offer for SWF, a bidding war started and they were forced to increase the offer.
Should still be eps accretive but obviously the market isn't please with having to pay more..