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..

 

[Dona Ferentes]

Bell Financial expects its full-year profit to rise by more than a quarter when it reports its audited financial result in February.

Bolstered by soaring profits from its retail and wholesale broking business, profit after tax is expected to hit $30.7 million for the 2024 financial year, up 26 per cent on the prior financial year.

Much of that growth came from the company’s retail and broking arm, which rocketed 115 per cent to 9.2 million over the year. Revenues rose 12 per cent on 2023’s figures.

 

[divs4ever]

Bell Financial Group to grow online share trading accounts following agreement with Macquarie Bank

22 January 2025

Bell Financial Group Ltd (ASX:BFG) today announced that it has reached an agreement with Macquarie Bank which will see approximately 75,000 accounts transfer from Macquarie Online Trading to its Bell Direct and Desktop Broker brands.

The transition of accounts from Macquarie Online Trading is expected to be completed after 22 February 2025.Bell Financial Group Co-CEO Arnie Selvarajah said: “Since 2014, Macquarie Online Trading has used our technology platform to provide share trading services under its own brand.
This new agreement builds on our long-term partnership and is a testament to the quality of Bell’s online share trading technology and services.
It strengthens our position in the market and will provide further opportunities to grow our Technology and Platforms business.”
The transition is expected to be earnings accretive in FY 2025.
Olivia McArdle, Head of Payments and Deposits for Macquarie’s Banking and Financial Services group said: “We’ve enjoyed a longstanding relationship with Bell Financial Group over the last decade.
We’re pleased that customers will continue to access the benefits of our powerful and secure Macquarie Cash Management Account via the Bell Direct and Desktop Broker trading platform.
Macquarie Cash Management Accounts and any other accounts customers have with Macquarie won’t change, and they can continue to view and access their accounts by logging into Macquarie Online or the Macquarie Mobile Banking app.”Bell Financial Group's third party clearing arrangement with Macquarie will remain unchanged.

i hold MQG ( 'free-carried' ) and BFG