At Bell Potter, we bring together people, ideas and capital to serve the needs of our clients.
HOW CAN WE HELP YOU?
As a leading full service Australian stockbroking and financial advisory firm, we provide a comprehensive range of services for our clients.
IDEAS AND RESEARCH
Last night Treasurer Josh Frydenberg announced his third budget where he continued his push to drive the jobless rate below 5%. Thanks to record commodity prices, income tax receipts and the rebounding share market and business sectors, the budget deficit will be slashed by $53 billion this year to $161 billion.
The extraordinary iron ore price action we have continued to see through the June quarter has prompted us to further refine our financial performance forecasts for FMG as we head towards the end of FY21. Marking-to-market the iron ore price for the June 2021 quarter to date shows the average price now sits at ~US$184/dmt.
We upgraded our forecasts for Eagers following the Q1 trading update in mid April but have further reviewed our forecasts following an investor presentation released to the ASX in late April and another strong month for new vehicle sales in April which was released in early May.
ABOUT US
Bell Potter is a member of the Bell Financial Group (BFG.ASX) of companies. We are one of Australia’s leading full service Australian stockbroking and financial advisory firms, offering a full range of services to private, corporate and institutional clients.