Australian (ASX) Stock Market Forum

BFG - Bell Financial Group

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Knobby22 said:
50% increase in profit, larger than the 47% promised. 4c a share dividend, up 33%.
All good.
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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.
 
Knobby22 said:
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.
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I got sold on SL yesterday...
 
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.
 
Dona Ferentes said:
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.
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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.
 
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.
 
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