Bell Financial Group (ASX:BFG) is expecting to book a higher $23.5m first-half profit, but investors didn’t seem overly happy about it with shares dipping 5.2 per cent on Friday morning.

The figure is 5 per cent up on the same period last year. Shares, however, slipped to $1.27 from Thursday’s close of $1.34.

While it promised to give a more detailed breakdown of individual division numbers next month, it noted several subsidiaries were doing well.

These included Retail and Wholesale Equities, its non-bank margin lending business Bell Potter Capital as well as Equity Capital Markets, which raises capital.

“Given the circumstances that we all find ourselves in today, to be able to produce a first half result that has us tracking better than the corresponding period is, I think, extraordinary,” executive chairman Alastair Provan said.

ASX companies, both great and small, rushed to top up their cash balances as COVID-19 hit.

As of June 25, $27.78bn had been collectively raised — more than double the same amount at the same time last year.

Bell Potter, the broking arm of Bell Financial, has been one of the top performing rainmakers.

It ranks 8th overall having raised $683.4m, including joint deals, as of July 9. Companies range from 2020’s hottest stock, gold explorer De Grey Mining (ASX:DEG), to stem-cell biotech play Mesoblast (ASX:MSB), which is involved in the search for a COVID-19 treatment.

 

Here’s a list of Bell Potter’s deals in 2020:

Scroll or swipe to reveal table. Click headings to sort. 

Date Deal Effective Code Company Deal Size (AUD) Offer Type Shared
26/6/20 AIS Aeris Resources Ltd $4.6M Placement Yes
17/6/20 PG1 Pearl Global Ltd $1.7M Placement No
15/6/20 AFT AFT Pharmaceuticals $69.3M Placement Yes
15/6/20 AIS Aeris Resources Ltd $7.3M Placement Yes
3/6/20 BUD Buddy Technologies $2.0M Placement No
2/6/20 CXO Core Lithium $5.5M Placement Yes
1/6/20 KYK Kyckr $4.7M Placement No
28/5/20 IXC Invex Therapeutics $16.3M Placement No
28/5/20 OSL OncoSil Medical Ltd $3.1M Rights No
28/5/20 XAM Xanadu Mines $1.1M Placement No
26/5/20 BYE Bryron Energy $13.8M Placement No
20/5/20 CHN Chalice Gold Mines $30.1M Placement Yes
19/5/20 NIC Nickel Mines $231.5M Rights Yes
18/5/20 MSB Mesoblast $137.6M Placement No
15/5/20 QFE QuickFee $6.9M Placement No
15/5/20 SGQ St George Mining $3.6M Placement Yes
13/5/20 MX1 Micro-X Ltd $6.2M Rights Yes
11/5/20 KTD Keytone Dairy $12.5M Placement Yes
8/5/20 OSL OncoSil Medical Ltd $14.0M Placement No
7/5/20 OVN Oventus Medical $4.6M Placement Yes
5/5/20 IMM Immutep $12.0M Placement No
29/4/20 FZO Family Zone Cyber Safety $10.0M Placement No
28/4/20 DEG De Grey Mining $31.2M Placement Yes
28/4/20 DGO DGO Gold Ltd $2.6M Placement No
27/4/20 VHT Volpara Health Technologies $28.0M Placement Yes
23/4/20 MX1 Micro-X Ltd $8.8M Placement Yes
17/4/20 KZA Kazia Therapeutics $7.2M Placement No
16/4/20 AHQ Allegience Coal $1.9M Placement No
16/4/20 PAR Paradigm Biopharmaceuticals $35.0M Placement No
23/3/20 CBR Carbon Revolution $25.0M Placement Yes
6/3/20 ODA Orcoda $1.2M Placement No
5/3/20 AOU Auroch Minerals $1.0M Placement No
28/2/20 DGO DGO Gold Ltd $9.6M Placement No
7/2/20 TNY Tinybeans $16.0M Placement No
23/1/20 HVM Happy Valley Nutrition $12.5M IPO Yes
20/1/20 FAR FAR $146.0M Placement No

 

While Bell shares slightly declined in early trade, they are up approximately 30 per cent in the last 12 months.

 

Bell Financial Group (ASX:BFG) stock chart: