• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

BFG - Bell Financial Group

Discussion in 'Stocks 0-H' started by So_Cynical, Sep 5, 2010.

  1. aus_trader

    aus_trader

    Posts:
    1,109
    Likes Received:
    1,107
    Joined:
    May 30, 2017
    ECM is one of the branches of revenue for the Bell Financial group, see below:
    upload_2018-10-24_13-53-23.png

    BFG offers an impressive yield at current prices, see my update in Speculative Stock Portfolio
     
    Knobby22 likes this.
  2. notting

    notting

    Posts:
    3,696
    Likes Received:
    315
    Joined:
    Oct 1, 2008
    Another one for the pool room!!
     
  3. mcgrath111

    mcgrath111

    Posts:
    211
    Likes Received:
    49
    Joined:
    Dec 21, 2013
    down 7% today on no news?
     
  4. Miner

    Miner

    Posts:
    3,012
    Likes Received:
    536
    Joined:
    May 2, 2007
    No news. The world melted down today. Big players went down by 2 to 4 %. Financials were in red. BFG dived down reasonably giving bargain hunters opportunity. :)
    DNH
     
    Darc Knight and mcgrath111 like this.
  5. notting

    notting

    Posts:
    3,696
    Likes Received:
    315
    Joined:
    Oct 1, 2008
    It's just a liquidity issue.
    Things like BFG will move around a lot in uncertain and volatile times.
    With these ones you just have to consider that the price action to be some clown porning his Rolex out of desperation, ie loosening up his ability to get out of a margin call or something on some cfd postion or what ever.
    The price action has little to do with anything unless you have to sell, just ignore it or buy!
     
    So_Cynical likes this.
  6. aus_trader

    aus_trader

    Posts:
    1,109
    Likes Received:
    1,107
    Joined:
    May 30, 2017
    Bell Financial Group Ltd (BFG) could bounce higher from here. It got dragged down along with the rest of the financial sector, but it's not a bank like the big4.
     
    Smurf1976 likes this.
  7. Smurf1976

    Smurf1976

    Posts:
    9,866
    Likes Received:
    3,680
    Joined:
    Feb 14, 2005
    Down 8% thus far today and was down 10% shortly after open.

    Anyone know why?
     
  8. captain black

    captain black

    Posts:
    1,281
    Likes Received:
    743
    Joined:
    Oct 24, 2005
    Ex-div today Smurf. 4.25c fully franked.
     
    Smurf1976 likes this.
  9. Xendragon

    Xendragon

    Posts:
    13
    Likes Received:
    12
    Joined:
    Nov 9, 2018
    its ex dividend today is my guess.
     
    Smurf1976 likes this.
  10. captain black

    captain black

    Posts:
    1,281
    Likes Received:
    743
    Joined:
    Oct 24, 2005
    Just to add a bit more for anyone else who trades a dividend momentum system.

    Over the last few years this has been a great stock for taking a quick profit riding the momentum into the ex-div date. Historically it tends to rise into the ex date and then drop more than the div on the ex date so not worth holding to pick up the dividend (for short term traders).
     
    Miner, Smurf1976 and Xendragon like this.
  11. bigdog

    bigdog Retired

    Posts:
    6,037
    Likes Received:
    1,423
    Joined:
    Jul 19, 2006
    Street Talk
    Ahmed Fahour sells $16.5m stake in Bell Financial Group

    Former Australia Post CEO and now Latitude Financial Group boss Ahmed Fahour is selling his stake in ASX-listed stockbroker Bell Financial Group.

    Bell's stockbroking arm, Bell Potter, was seeking buyers for Fahour's 21.8 million shares in a block trade after market on Monday.

    The shares were being offered at 75.5¢ each, according to terms sent to potential buyers. The vendor was named as "Equitas Nominees Pty Limited /Ahmed Fahour".

    The trade was at a discount to Bell Financial Group's last close of 86.5¢ and represented about a 7 per cent stake in the company.

    Bell Potter was seeking bids by 9am Tuesday.

    Fahour bought the bulk of his stake for 63¢ a share in December 2017, when investment bank UBS sold its 15.8 per cent shareholding.
     
  12. aus_trader

    aus_trader

    Posts:
    1,109
    Likes Received:
    1,107
    Joined:
    May 30, 2017
    I wonder if he knows something that we don't know or just fear that there may be further falls in the banking and financial related stocks.
     
  13. Knobby22

    Knobby22 Mmmmmm 2nd breakfast

    Posts:
    5,656
    Likes Received:
    945
    Joined:
    Oct 13, 2004
    Or getting cash together for another project. That's my prediction.
     
    Miner and aus_trader like this.
  14. Knobby22

    Knobby22 Mmmmmm 2nd breakfast

    Posts:
    5,656
    Likes Received:
    945
    Joined:
    Oct 13, 2004
    Guidance of 59% increase in profit this half.:)
    (Bad sell decision Ahmed Fahour.)
     
    Miner, aus_trader and Xendragon like this.
  15. aus_trader

    aus_trader

    Posts:
    1,109
    Likes Received:
    1,107
    Joined:
    May 30, 2017
    Yes, gapped up today on the good news.
     
  16. So_Cynical

    So_Cynical The Contrarian Averager

    Posts:
    6,917
    Likes Received:
    543
    Joined:
    Aug 31, 2007
    One would think that a full year dividend of at least 10c is on the cards, last time i looked i think BFG was one of the 30 or 40 highest yielding All Ord's stocks.
     
    aus_trader likes this.
  17. aus_trader

    aus_trader

    Posts:
    1,109
    Likes Received:
    1,107
    Joined:
    May 30, 2017
    Impressive growth in dividends since hitting a low yield in 2013. With the increased profits announcement today, I think we can guess whether this trend is likely to continue...

    upload_2019-7-11_2-30-20.png
     
  18. Miner

    Miner

    Posts:
    3,012
    Likes Received:
    536
    Joined:
    May 2, 2007
    Ahmed has been a waste for Australia Post. He got used to get fat cheque and hence making wrong decisions. It was no wonder that his decisions for own investment did not favour him either. So my call is see Ahmed (I am not a fan of Paulin Hanson however), just look for the opportunity to buy into when he quits. :) . Happy holder of BFG
     
  19. Knobby22

    Knobby22 Mmmmmm 2nd breakfast

    Posts:
    5,656
    Likes Received:
    945
    Joined:
    Oct 13, 2004
    This company is cheap, cheap, cheap and pays a very good dividend.

    I notice that there is now some gentle buying, slowly pushing up the price.
    This month it will finally get noticed by the yield hungry retirees and take off, hopefully timed beautifully for my monthly comp pick.

    (I own obviously)
     
    debtfree and Miner like this.
  20. Knobby22

    Knobby22 Mmmmmm 2nd breakfast

    Posts:
    5,656
    Likes Received:
    945
    Joined:
    Oct 13, 2004
    Obviously has been noticed now.
    Doubled my money.
    Just goes to show, if you can find something cheap, not looked at by the big boys and punting sheets you can do well.
     
Loading...

Share This Page