BSP Financial Group Ltd (bfl) Logo

BSP Financial Group Ltd (BFL)

___:___ · Financial Services
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VOLUME
DIV YIELD
PE RATIO
1 YR RETURN
52 WEEK RANGE

BFL Chart

Snapshot

BFL's Principal Activity is the provision of commercial banking and financial services throughout Papua New Guinea (PNG) and the Asia Pacific region.

Share Price Activity

Last (Price)
Change 0.00 (0.00)
Bid / Ask -
Volume
Volume (4w avg)
Turnover
Open
Day Range -
VWAP
Prev Close
Last Trade

Performance

1 Week
1 Month
2022 YTD
1 Year
vs Sector (1yr) -
vs ASX 200 (1yr) -4.41%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 166 of 2,417
Sector Rank 24 of 297

Key Fundamentals

Shares Issued
Sector Financial Services
Similar Companies MGG / WAM / MGF
EPS $2.301
DPS $0.5489
Book Value Per Share $0.00

Broker Consensus

BFL is not covered by a major broker, or data from most recent compilation was omitted due to not meeting QA guidelines.

Announcements

Date Heading Pages File Size Time

Corporate Overview

BSP Financial Group Limited (BSP) is a financial services provider in the South Pacific. BSP is the lender in PNG, the Solomon Islands, Tonga, the Cook Islands, Samoa and Fiji. BSP serves both retail and corporate customers, and provides non-banking services through BSP Life, BSP Capital and BSP Finance.

Incorporation Details

No incorporation details available.

Corporate Details

Head Office Hohola Port Moresby Papua New Guinea NCD 121
Website www.bsp.com.pg
Registry Link Market Services
Auditor PricewaterhouseCoopers
Date Listed 25 May 2021

Upcoming Calendar (Forecasted)

Date Event
17/08/2022 Report (Interim)
19/08/2022 Report (Interim)
22/02/2023 Report (Prelim)
28/02/2023 Report (Prelim)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
10/03/2022 $0.4236 0% $0.4236 Final 22/04/2022
24/09/2021 $0.1254 0% $0.1254 Interim 18/10/2021

See Upcoming Dividends for all ASX companies.

Key Data
DPS(TTM) $0.5489
Gross DPS(TTM) $0.5489
Dividend yield
Gross yield
Payout Ratio 71%
DRP No
DRP Features -

Directors & Management

Directors & Management

Name Title Since Bio
Mrs Patricia Taureka-Seruvatu Non-Executive Director Apr 2022

Mrs Patricia Taureka-Seruvatu

Non-Executive Director

Mrs Taureka-Seruvatu is a an experienced lawyer with over 30 years of experience in the legal, superannuation, property, commercial and corporate services industries in PNG. She has previously served as Company Secretary for Nambawan Super Limited from 2001 to 2019 and is currently the Company Secretary and General Counsel at Dirio Gas & Power Company Ltd.

Mr Symon George Brewis-Weston Non-Executive Director Apr 2021

Mr Symon George Brewis-Weston

Non-Executive Director

Mr Brewis-Weston has international experience in financial services and a deep understanding of consumer and business markets in the Asia-Pacific region. He is a director on the board of Money3 Corp. Ltd, StockCo Australia Pty Ltd. and Timelio Pty Ltd. Mr Brewis-Weston was formerly CEO of FlexiGroup from 2016 to 2018. Prior to joining FlexiGroup, he previously held the position of CEO & Executive Director at Humm Group Ltd, Executive GM-Corporate Financial Services at Commonwealth Bank of Australia (CBA), Chief Executive Officer at Sovereign Services Ltd (NZ) and Chief Executive Officer at Sovereign Assurance Co. Ltd (NZ) (both are subsidiaries of CBA). Mr Brewis-Weston held various senior leadership positions at CBA for 15 years. He spent 6 years leading CBA's Indonesia operations and also in China developing the company's Chinese banking strategy. In 2015, Mr Brewis-Weston received the United Nation's Global CEO Women Empowerment Principle's Leadership Award for his contribution to the enhancement of diversity and women's empowerment in the workplace. He is a member of the Board Risk Committee.

Mr Frank Dobi Bouraga Non-Executive Director Dec 2020

Mr Frank Dobi Bouraga

Non-Executive Director

Mr Bouraga is currently a partner in Assurance and Business Advisory Services with SBC Solutions. Prior to SBC Solutions, Mr Bouraga was the Country Managing Partner for Ernst & Young Papua New Guinea for 5 years as an audit and business advisory services partner. He also worked with PricewaterhouseCoopers for over 7 years and worked with Star Business Consultants between 2004 and 2011. Mr Bouraga is also a director of the PNG Cancer Foundation and the PNG Hunters.

Ms Priscilla Kevin Non-Executive Director Apr 2020

Ms Priscilla Kevin

Non-Executive Director

Ms Kevin is an IT professional and entrepreneur specialising in Enterprise Resource Planning (ERP) Support Advisory. Ms Kevin has over 15 years ICT industry experience providing ICT consultancy and support to a range of businesses as well as government bodies. Since 2018, Ms Kevin served as an Independent Committee Member of the BSP Board Risk Committee. Ms Kevin is a board member of PNG Digital ICT Cluster Inc and a member of the PNG University of Technology's Industrial Advisory Board (IAB). Ms Kevin is also working group committee member of the Centre of Excellence for Financial Inclusion and is a Council Member of the Institute of National Affairs (INA). She is a member of the Board Risk Committee.

Mr Robert George Bradshaw Non-Executive Director Sep 2017

Mr Robert George Bradshaw

Non-Executive Director

Mr Bradshaw has practised law for over 20 years. He was formerly a Partner in the firm Blake Dawson Waldron (now Ashurst) and commenced practice in his own firm, Bradshaw Lawyers, in 2005. Mr Bradshaw has been involved in different areas of law, particularly in resource development, industrial relations, banking and finance and commercial litigation. Mr Bradshaw has served on a number of Boards and is currently the Chairman of Post PNG Limited.

Mr Stuart Arthur Davis Non-Executive Director Aug 2017

Mr Stuart Arthur Davis

Non-Executive Director

Mr Davis is currently a Non-Executive director of ASX 100 company NextDC Ltd, which builds and operates Data Centres in Australia and is the Chairman of the Remuneration Committee and member of the Audit and Risk Committee. He is a Non-Executive Director of PayPal Australia Ltd and Chairman of the Risk Committee. Mr Davis previously was CEO of HSBC Bank in India from 2009 to 2012. Prior to that appointment, he was CEO of HSBC Bank in Australia from 2002 to 2009 and CEO of HSBC in Taiwan from 1999 to 2002, having joined the HSBC Group in 1981. Mr. Davis previously served as a member of the Australian Bankers Association from 2003 to 2009, being Deputy Chairman from 2006 to 2009, was Chairman of the British India Chamber of Commerce in Mumbai and Chairman of the Taiwan British Chamber of Commerce in Taipei. He is member of the Board Risk Committee.

Dr Fa'amausili Matagialofi Lua'iufi Non-Executive Director Dec 2016

Dr Fa'amausili Matagialofi Lua'iufi

Non-Executive Director

Dr Lua'iufi is an experienced public sector practitioner and consultant. Prior to establishing her own consultancy firm in late 2008, she worked in the Samoa Public Service Commission Office for 25 years, with almost 12 of those years in the role of CEO. Under her stewardship, the Samoa Public Service undertook various change management programmes to improve service delivery. She served in many Government state owned enterprise boards in her capacity as CEO of the Samoa Public Service Commission. Since becoming a consultant in late 2008, she has performed more than 50 consultancy assignments in the domains of Human Resources Management, Organisational Development, Performance Management and Governance. She is a member of the Papua New Guinea Institute of Directors, Samoa Institute of Directors and Samoa Human Resource Institute. From 2007 to 2012,she was the Pacific Residential Scholar of the Australia New Zealand School of Government and was responsible for the development of emerging young Pacific public sector leaders.

Mr Arthur Sam Non-Executive Director Jul 2016

Mr Arthur Sam

Non-Executive Director

Mr Sam is the Audit and Managing Partner of Sam Kiak Tubangliu Certified Practising Accountants. Before going into private practice Mr Sam spent over 15 years working for global accounting firms PricewaterhouseCoopers, Deloitte and Ernst & Young in managerial roles specializing in external and internal audit and risk management. Prior to joining the Board of BSP, he served on the NASFUND (the national superannuation fund of Papua New Guinea) Board Audit and Risk Committee and is a serving member of the Papua New Guinea Accountants Registration Board. During 2021 Mr Sam was appointed Chairman of Muyua Dal Ltd to represent the landowner interest in the Woodlark Gold Project. He is the Chairman of the Board Risk Committee.

Mr Robin Gerard Fleming Chief Executive Officer,Managing Director Jul 2013

Mr Robin Gerard Fleming

Chief Executive Officer,Managing Director

Mr Fleming was appointed GCEO of BSP in April 2013. Before his appointment as GCEO, he had been Deputy GCEO and Chief Risk Officer since 2009. Prior to that, Mr Fleming held senior executive roles as Chief Risk Officer, General Manager Corporate & International, and Head of Risk Management with BSP. Prior to the merger of BSP and PNGBC, Mr Fleming held senior management roles with PNGBC. He has worked in PNG for over 35 years. Mr Fleming was made a Companion of the Star of Melanesia (CSM) in 2015 by the PNG Government for services to banking and the community.

Sir Kostas George Constantinou Non-Executive Chairman,Non-Executive Director Apr 2009

Sir Kostas George Constantinou

Non-Executive Chairman,Non-Executive Director

Sir Constantinou holds a number of high-level public sector and private sector appointments. Sir Kostas joined BSP in April 2009 as a non-executive director and was appointed as the chairman of the Board in February 2011. Sir Kostas is the chairman of various companies, including BSP, Airways Hotel and Apartments Ltd, Lamana Hotel Ltd, Lamana Development Ltd, Hebou Constructions (PNG) Limited, Monier Limited and Air Niugini Limited. Sir Kostas is a director of Gazelle International Hotel in Kokopo, Loloata Island Resort Ltd, Coastwatchers Court Ltd, Waigani Assets Ltd, Moki No.10 Limited, Heritage Park Hotel in Honiara, Taumeasina Island Resort in Samoa, and Good Taste Company in New Zealand. Sir Kostas is also the Honorary Consul for Greece and Cyprus in Papua New Guinea and the Trade Commissioner of Solomon Islands to PNG.

Ms Mary Johns Company Secretary N/A
Nilson Singh Country Manager BSP Life PNG N/A
Gheno Minia General Manager BSP Capital N/A
Andy Roberts General Manager BSP Finance Limited N/A
Nuni Kulu General Manager Digital N/A
Hari Rabura General Manager Human Resources N/A
Kili Tambua General Manager Offshore Branches N/A
Rohan George General Manager Treasury N/A
Ronesh Dayal Group Chief Financial Officer N/A
Frank van der Poll Group Chief Operating Officer N/A
Mike Hallinan Group Chief Risk Officer N/A
Vandhna Narayan Group General Manager Compliance N/A
Peter Beswick Group General Manager Corporate Banking N/A
Daniel Faunt Group General Manager Retail N/A

Director Interests

The current holdings of BFL directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Patricia Taureka-Seruvatu 13/04/2022 0 N/A N/A N/A
Robin Fleming 31/12/2021 93,000 N/A N/A N/A
Symon Brewis-Weston 13/04/2021 0 N/A N/A N/A
Frank Bouraga 30/09/2020 0 N/A N/A N/A
Priscilla Kevin 15/04/2020 0 N/A N/A N/A
Robert Bradshaw 13/09/2017 0 N/A N/A N/A
Stuart Davis 11/08/2017 0 N/A N/A N/A
Fa'amausili Lua'iufi 21/12/2016 0 N/A N/A N/A
Arthur Sam 13/07/2016 0 N/A N/A N/A
Kostas Constantinou 24/04/2009 0 N/A N/A N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Dec 31, 2021.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
Kumul Consolidated Holdings Limited 84,811,597 18.15%
Nambawan Super Limited 53,092,261 11.36%
Petroleum Resources Kutubu Limited 46,153,840 9.88%
National Superannuation Fund 45,318,417 9.70%
Fiji National Provident Fund 40,547,063 8.68%
Credit Corporation (PNG) Limited 33,294,081 7.13%
Motor Vehicles Insurance Limited 31,243,736 6.69%
PNG Sustainable Development Program Ltd 19,764,387 4.23%
Teachers Savings and Loans Society 15,317,366 3.28%
Comrade Trustee Services Limited 12,456,052 2.67%
Capital Nominees Limited 4,678,159 1.00%
IFC Capitalization (Equity) Fund LP 4,213,877 0.90%
International Finance Corporation 4,213,877 0.90%
Lamin Trust Fund 3,518,132 0.75%
Credit Corporation (PNG) Limited (CC Finance Ltd) 3,000,000 0.64%
Samoa National Provident Fund 2,984,804 0.64%
Mineral Resources Ok Tedi No. 2 Limited 2,890,000 0.62%
Solomon Islands National Provident Fund 2,500,001 0.54%
Nominees Niugini Limited 2,369,495 0.51%
Catholic Diocese of Kundiawa 2,217,798 0.47%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 4,653 599 107 198 118 5,675

Substantial Shareholders

No Substantial Shareholders for BFL in our database.

Shareholders Buying

12 month transaction history compiled from ASX announcements.

No buy transactions reported by Substantial Shareholders in the past 12 months.

Shareholders Selling

12 month transaction history compiled from ASX announcements.

No sell transactions reported by Substantial Shareholders in the past 12 months.

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
No Financial Year End data available
BFL Historical Price Data (CSV)
Up to 20 years of EOD share price history
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