New Microequities research report

Microequities have released a new report on BPF, factoring in the Cloud House acquisition. Their last report in September 2015 rated BPF a buy with a price target of 40c (Share price at the time was 25c).

The current report rates them a hold at 46c. I am more bullish, I think BPF will have some very positive HY16 and FY16 numbers, including a decent underlying profit which will bring the P/E into a more decent frame.

As long as revenues keep growing by 50% YoY a P/E in the region of 30 (once they come off their low base) sounds reasonable to me.