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27/08/19

09:19

Post #: 40165596
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Originally posted by LithiumGold: ↑

Remember fom the H1 reoport:-

"Given the further delay in SAMR registration it is now possible to guide to FY19 Group Revenue. Based on the 1H19 result and early 2H19 trading Bellamy’s updates its outlook to: • Group Revenue for FY19 of $275-300m, allowing for slower trading prior to the rebrand and during the lunar new year holiday, with an expected return to stronger performance from March • Normalised Group EBITDA of 18-22% of revenue, reflecting lower forecast revenue and increased investment in marketing and the China team over the coming period The business retains high confidence in the rebrand, our new product pipeline, continued food growth and successful SAMR registration. Although we remain mindful of the inherent risks of our industry and markets, we strongly believe the medium-term outlook remains compelling, supported by category fundamentals, our differentiated position and an aggressive three-year growth strategy."

These numbers are critical in tomorrows report:-

Group Revenue for FY19 of $275-300m,
Group EBITDA of 18-22% of revenue,

I believe BAL have been fairly conservative with these estimates which opens the possibilty of beating these guidance figures which is opposite to A2M where they were set up to not be able to beat unrealistic guidance figures.

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FY20 guidance is key tomorrow not FY19 imo.

BAL Price at posting: $7.89 Sentiment: Buy Disclosure: Held
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0 Great analysis

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