bullish
Well positioned for FY24
SUMMARY
- Bell Financial Group Ltd (ASX:BFG) is a diversified provider of financial products and software solutions within, and increasingly outside, its traditional full-service stockbroking business.
- BFG reported FY23 NPAT of $24.3m, 5% below FY22 and 10% below RaaS estimates.
- A H2 FY23 miss in Technology & Platforms (down 8% against a H1 result +100%) was the major difference to RaaS estimates, with all other divisions trading in-line with generally challenging but improving trading conditions.
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