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Business Description: Bell Financial Group Limited (BFG) is an Australian based provider of stockbroking, investment and financial advisory services to private, institutional and corporate investors. BFG has 12 offices and one distribution network in Australia as well as an office in London. BFG has three operating structures namely Bell Potter Securities (Bell Potter Securities Ltd); Bell Direct (Third Party Platform Pty Ltd); and Bell Potter Capital (Bell Potter Capital Ltd).
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.
The Age 24/05/2013 |
The door has been opened to full deregulation of electricity prices in NSW after a report found there was a high degree of competition, with more than 60 per cent of households on unregulated contracts.
The Age 24/05/2013 |
James Hardie expects no big improvement in the housing market this year but says the sector has stabilised after interest rate cuts.
The Age 24/05/2013 |
Foster's owner SABMiller reported a 5 per cent drop in sales volumes in Australia over the past year but notched up 3 per cent growth in the fourth quarter, boosted in particular by the relaunch of Victoria Bitter.
The Age 24/05/2013 |
The ASX took more than three hours to tell stockbrokers and investors a computer failure had knocked out its critical market announcements feed in October last year, according to a new investigation into the incident.
The Age 24/05/2013 |
The Australian dollar plunged to its lowest level in a year, shedding over US2¢ in a session, as traders reacted to contradictory comments from the head of the US Federal Reserve on Thursday.
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