Not really sure what the market wants but with a yield of 6.3% based on the increase divy and on current prices I am topping up again.
The results are not like EZL but bfg has always delivered.
A strong balance sheet $ 95m in net cash
12.5% Increase in divy
FUA growing
I guess the big spend on IT will generate rewards going forward after all they are funding proprietary software .
PE 12.1
Recurring revenue streams increased by 7.7% on pcp. A little safety net hopefully.This now represents 27% of revenue
Your guess as to what next years brings is as good as mine but as far as I am concerned there's plenty of funds floating around in the system and more will be generated by upcomming divies plus more people are investing. In my opinion the benefits will continue to roll on.
Dyor
BFG Beautiful Franked Growth Coy, page-97
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| Open | High | Low | Value | Volume |
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