BFG - bounced from 50d MA. Quality business with potential.Bell Financial bounced from the 50d MA today, and may be headed back to $2.00 after recent distribution and dividend payment sell off. This is a solid company with good financials- low PE (vs average in financials), actual sales, and 6% dividend FF.
BFG trade ideas
$BFG:ASX - BELL FINANCIAL GROUP - Nice Upper BB Walk.Bell Financial Group is up roughly 65% over the last 12 months and has been having a very steady upper Bollinger Band walk. Looking at the RSI it is due for a pullback as it is so overextended but there has been some very good volume over the last few days which is interesting. Current demand has 40 buyers for 411,573 units vs 17 sellers for 149,834 units. Could be worth a watch after a pullback.
Most recent announcement on Monday, 6 January 2020 – "Bell Financial Group Ltd (ASX:BFG) today announced that it expects to report a full year profit before tax of around $46 million, an increase of 30% on its 2018 result. Full details will be provided when audited results are released in February".
Bell Financial Group Ltd. engages in the provision of stock broking, investment and advisory services to private, institutional and corporate clients. It operates its business through the Retail and Wholesale segments. The Retail segment consists of equities, futures, foreign exchange, corporate fee income, and portfolio administration services. The Wholesale segment comprises of equities and corporate fee income. The company was founded on June 30, 1998 and is headquartered in Melbourne, Australia.
