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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 9/12/2013 |
Commerce ministers have capped days of hard negotiations by approving a commercial deal that the World Trade Organisation hailed as a historic boost for the trade body and the world economy.
The Age 9/12/2013 |
The jobs picture in the United States brightened in November as hiring was stronger than expected and the unemployment rate fell to a five-year low, data that increases the likelihood of the Federal Reserve easing its stimulus efforts sooner rather than later.
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