March09 I think you have misinterpreted my comments. The 08-09, 09-10 results were stellar and I'm definately not assuming those EPS will continue. IMO they were stellar because Alan bid for the tenders and listed the company on the back of them
The 10-11 result of 0.1c per share is a reflection of the current volatile environment, the company has given no guidance that the large margins received a couple of years ago will return. They missed 2 consecutive earnings guidances last fin year so are understandibly quite on any current guidance, I'd say the margins are still pretty tight, hopefully there is some profit in there.
It is a hot labour market that these guys are competing in and from personal experience I have seen many tenders bid too much and make a loss despite large 'revenue'.
Half yearlies will be key and due out shortly, from which it could go either way from 30c.... hence my sentiment is unchanged at 'hold'
BYL Price at posting:
30.5¢ Sentiment: Hold Disclosure: Not Held
