30% of BFG revenue comes from placements/equity raisings etc, in a recession this number $66.4m would drop off a cliff. 42% of BFG revenue comes from brokerage which fell in 2018 vs 2017. A market which would come under big pressure not only from a falling market (lower prices means lower commisions) but also competition squeezing margins.
Anyone who thinks BFG share price would not take a massive hit in a bear market is deluded. Don't be left holding BFG when the music stops.
BFG Price at posting:
$1.01 Sentiment: Hold Disclosure: Held
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