From the numbers it appears that Ben is living beyond its means. Profit down by about as much as staff etc costs are up. Not exactly what I perceive as "trending the right way".
How about the reserves: $290mill exposure to Great Southern and Ben DECREASED it reserves? It must be because the court will return it s verdict first half of this year. Do I sound cynical? Current Management is not doing the share holders a favour by under-reserving on this issue. Ben might win or Ben might lose. This case is so complicated that no predictions to its outcome can be made. If I was running Ben I would reserve at least half. How anyone can justify the current level of provisions is beyond me.
results and reserves
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Last
$12.31 |
Change
0.120(0.98%) |
Mkt cap ! $6.991B | |||
| Open | High | Low | Value | Volume |
| $12.19 | $12.31 | $12.15 | $22.30M | 1.821M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4902 | $12.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.32 | 9169 | 5 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| BEN (ASX) Chart |