Hi melua,just found it interesting how close predicted sp was to present day sp,unlike all others at the time who were talking up the sp,and were WRONG.
I think bbi still has a lot of potential,otherwise no LTbuy,but my confidence in management is a little shaken after their statement on the 19/6/08,compared to August financial statement,not good.
JUNE,Everything is in line with expectations,but we need to review full year financial. AUGUST, Oops, fiscal reality isn't in line with June expectations,we just didn't know ,11 months along in the financial year, that our June expectations were about to go on an extended holiday and have left no forwarding address. LOL.
BTW they have a number of provisos for next years forecast dividend of 10cents,lets hope they won't be using them ,next year.
Melua,Do you have a forward p/e for fy09 and fy10?
Credibility takes years to build and an instant to lose. Hopefully the shake up in management,will start the long process of restoring investor confidence.
BBI Price at posting:
44.5¢ Sentiment: LT Buy Disclosure: Held
