Agree jobats. This has been one of my best performers over the past 4 years with around 200% sp return and another 50% cash Back in dividends.
the should consider a share buyback otherwise will just keep growing their divi since they have no debt, exhibit margin expansion as revenue grows and are capital light in terms of R&D expenditure.
happy holder for past 4-5 years, happy to keep holding for next 4-5 years.
I would suggest to those considering it now that it still represents good value.
the next thing will be in say 2 years they will have adequate liquidity and market cap to join the asx 300 and then more fund managers/ index funds can start buying bfg. I think market cap now is still only around 550-600m so need to expand that closer to 1b before they enter the ‘investible universe’ for most fund managers, except some small and micro cap managers.
BFG Price at posting:
$1.80 Sentiment: Buy Disclosure: Held
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