This was always way oversold, hoping we start heading back towards $140 prior to the October 27 update.
I believe we will received good news on October 27 regarding Q1 Update which will make the share price rocket towards $200.
Record net profit after tax of $100 million, up 115% on the previous year
Exceptional sales in Australia, boosted by over $200 million in China influenced sales
Acquisition of Global Therapeutics in the fourth quarter
Final dividend of 210 cents per share, total ordinary dividends for the year were 410 cents per share (fully franked), 102% above last year’s record dividends.
Blackmores (ASX: BKL) has announced its fourteenth consecutive year of sales growth, delivering Group sales of $717 million, up 52% on the prior year and resulting in net profit after tax (NPAT) of $100 million, 115% up on the prior year.
Patience is now required to win.
BKL Price at posting:
$119.01 Sentiment: Buy Disclosure: Held
