Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.00
(0.09%)
Lithium
42.74
1.28%
Gold
2,641.80
0.14%
Copper
4.13
0.33%
Oil
70.49
0.41%
Bitcoin
95,506.74
(3.89%)
USD/AUD
0.62
(0.2%)
FTSE 100
8,137.00
0.42%
Nikkei 225
39,568.06
1.12%
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%

Bell Financial Group (ASX: $BFG) announces acquisition of SelfWealth

BFG's strategic acquisition of SelfWealth


Bell Financial Group (ASX:BFG) has entered into an agreement to acquire all outstanding shares of SelfWealth (ASX:SWF). The acquisition values each SelfWealth share at 25 cents, totaling approximately $57.7 million. SelfWealth shareholders can choose cash, BFG scrip, or a combination, with scrip capped at 50%.

Overview and implications of BFG's acquisition


Bell Financial Group's acquisition of SelfWealth is set to enhance its online broking capabilities by adding nearly 130,000 active portfolios and increasing sponsored holdings by $11 billion to $94 billion. The acquisition, supported by the SelfWealth Board, promises revenue and cost synergies, significantly boosting BFG's earnings per share post-integration. The transaction awaits customary conditions, including shareholder and court approvals, with a Scheme meeting planned for March 2025. This strategic move aligns with BFG's growth initiatives, aiming to provide enhanced value to its shareholders while maintaining the SelfWealth brand for future growth.

Executive insights on the acquisition


Brian Wilson AO, Chairman of BFG, emphasized a smooth integration with minimal client disruption and maintaining the SelfWealth brand for continued growth.

BELL FINANCIAL GROUP LIMITED
BFG | ASX | Financials
1.325-0.01(-0.75%)
At close 24/12 (AEDT)
Market cap
$425.0M
Volume
25,393
DY Yield
0.059899997
PE Ratio
14.722222
52 Week Range
1.205 - 1.505
1YR Return
N / A

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