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General Information

Bell Financial Group Limited
BFG
http://www.bellfg.com.au
Investment Banking & Brokerage
119
260

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.46 $0.46 $0.46 $0.46 $0.45 21665 $0.01 ( 2.22% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Company Overview

Business Description
Bell Financial Group Limited (BFG) is an Australian based provider of stockbroking, investments and financial advisory services to private, institutional and corporate clients. BFG operates across a network of 13 offices in Australia plus offices in London and Hong Kong. The Company’s operating structure is divided into three units: Bell Potter Securities, Bell Direct and Bell Potter Capital.
Strategy Analysis
BGF acquired Southern Cross, a large independent stockbroking firm as a complementary business to strengthen the company within the institutional market, as well as in research and corporate advisory areas. The strong resources and energy sector capabilities will add to the immediate synergies which will exist upon the completion of the acquisition. In addition to this, the company has a cornerstone investment in Bell Direct, an online broking business which should help position BFG for more expansion and a sustained growth strategy. Bell Financial Group reported a net loss of $2.76m for the year ended 31 December 2012. Revenues from ordinary activities were $132.33m, down 14.9% from last year. Diluted EPS was (1.1) cents compared to 3 cents last year. The net operating cash inflow was $15.61m compared to an outflow of $10.88m in the pcp. No dividend was declared.

Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A 6.0 2.2 -16.2% 25.2 2.0 3.6% 100.0%
2013 A 6.8 2.7 0.0% 25.0 2.5 3.8% 100.0%
2012 A -2.8 -1.1 0.0% 0.0 0.0 0.0% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Bell Financial Group (BFG) $117M -0.1616 0.0000 0.0000 20.1794 0.0000 0.0000 4.44% 0.00% 0.00%
Macquarie Group (MQG) $26,593M 0.3239 0.0941 0.0521 16.4705 15.0540 14.3085 4.14% 4.56% 4.89%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 20.60 0.68 0.00
Market 0.99 17.00 1.32 1.59
Sector 1.16 15.20 1.11 1.18

Directors

Name Position Start Date
Mr Colin Morton Bell Executive Chairman 03/07/2001
Mr Alastair Provan Managing Director 03/07/2001
Mr Craig Evan Coleman Non-Executive Director 12/07/2007
Ms Brenda Mary Shanahan Non-Executive Director 05/06/2012
Mr Graham Allan Cubbin Non-Executive Director 12/09/2007
Mr Brian Arthur Wilson Non-Executive Director 28/10/2009

Management

Name Position
Dean Davenport Chief Financial Officer
Cindy-Jane Lee Company Secretary
Rowan Fell Director - Investment Services

Substantial Shareholders

Holding Name
120,528,028 (46.42%) Colin Bell
120,383,236 (46.37%) Alastair Provan
119,638,313 (46.08%) Lewis Bell
117,967,345 (45.44%) Bell Group Holdings Pty Ltd (formerly Bell Commodities Ltd)
42,232,044 (16.27%) UBS AG, Australia Branch
17,402,882 (6.70%) RBC Investor Services Nominees Pty Ltd

Calendar of Events

Date Event
23 February 2016 Report (Annual)
23 February 2016 Report (Prelim)
21 August 2015 Report (Interim)
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