Has no one read the presentation? My buy order of 1.74 almost got hit but just missed :-( love the growth in revenue, profit and FUM. the market has caught up on this stock but it still remains undervalued. Most of my shares were bought at 60-70c 3-4 years ago but i have been adding a few more and almost more today. The long held shares pay around 20-25% yield including franking credits. I still think the dig should be at least 12-13c for this year, so with franking 30% that 16-17c so it’s still likely to pay almost 10% yield at current prices. market volatility and rising rates could actually benefit bfg as more people trading = increased broking profits, more margins on some capital holdings as interest rates rise, and more companies will look to raise equity as bond rates rise, thus all 3 could increase profits even if the equity markets take a hit in the next couple of years during the reflationary trade. so this stock remains a buy for its value, yield and likely continued profit growth over the next 3-5 years.
BFG Price at posting:
$1.80 Sentiment: Buy Disclosure: Held
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