BPT 1.95% $1.57 beach energy limited

massive buy oportunity, page-52

  1. 2,077 Posts.
    lightbulb Created with Sketch. 26
    Good post BH,

    Initially, I too was a little disappointed with the result despite the headline considering the BMG sell down was included . After going through the report in detail I felt a lot more at ease as it appears they've taken the opportunity to expense as much as possible. Operating profit was still a healthy $112M with the benefits of the hefty write downs still ahead of us.


    Cheers,
    xmagx

 
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