I'd say the current sp is around fair price for a flat H2 vs H2 (excluding 100% TPP & synergy gains) on the basis that the PE doesn't get re-rated.
Target $1.02-$1.07 in 12 mnths based on PE re-rating to 12 but that would need at least flat organic H2 vs H2.
On the basis that the market doesn't seem to favour BFG I wouldn't hold out on the re-rating in 2018 so i think that flat H2 low 90's, low single digit growth mid 90's, double digit growth around $1.00 (all ex TPP transaction).
Biggest risk to BFG is a serious market correction / global slowdown in which case their profits would collapse on lack of deal activity.
Fair Value for BFGR, page-26
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Last
$1.36 |
Change
0.005(0.37%) |
Mkt cap ! $434.6M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.36 | $1.35 | $8.486K | 6.282K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7881 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 25930 | 1 |
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| Last trade - 15.55pm 28/06/2024 (20 minute delay) ? |
| BFG (ASX) Chart |