breaking down the numbers, page-17

Hi RiverDry,

BBY's Mike Hallowell is closely associated with BCI management. This is BBY's forecast on dividends, and I take it it came directly from BCI management. This was written in a BBY report dated 18/06/2011.

2012F - 22 cent dividend
2013F - 28 cent dividend
2014F - 26 cent dividend

Is there a 22 cent divi coming in 4 months? Aren't we already 8 months into 2012F? That BCI report from BBY was very positive and also spoke about BCI potentially doing 7Mtpa for CY2013. Unfortunately, someone at BCI has decided to take that research report off it's website. That report also had a SP target for BCI of $4.50. More conservative reports with targets all around $3.00 to $3.50 still remain on the BCI website instead. Starmine had a $12+ valuation of BCI, but alas that report isn't on BCI's website either. I should add that the only report worth while was the KPMG report done for the unsuccessful takeover bid, which had a valuation on BCI of $3.80 to $4.12. I also note that apart from the bloke hanging around the roadhouse - who's drip feeding us information. That it's been mid November 2011 since BCI has released any company update, putting aside the compulsory activities quarterly. I also also note, that I have just witnessed one of the most confussing, cryptic reports ever, that been the half yearly report released last Thursday. There was nothing in the report to help shareholders try to understand where the money was spent, apart from headlines under 'plant' or 'equipment'.

Why was the upbeat BBY report taken off the BCI website? Is it because these divi forecasts won't come true and management doesn't want to mis-lead potential investors? Or was it because the report gave too much away, and management would perfer these two things in the report not to be made so public.

- Divi forecasts
- "Very good chance" of 7Mtpa for the NIOJV for CY 2013

This was the original post on the subject. The URL in the post no longer works.

http://hotcopper.com.au/post_single.asp?fid=1&tid=1484862&msgid=8460514

Hi Steamy,

Once again we have the same problem with finding upbeat reports. There was a equity story report written around July 2009 on BCI. That report was copy and pasted by Tils on HC around mid July 2009 (memory- give or take a month). I tryed an advanced search of that time on HC, but at this point I'm having little lucky with HC allowing me to retrieve that data. It seems to overload HCs system. Maybe someone else can have better lucky. Anyway, equity story seemed to indicate in that report this (memory) :-

BCI and FMG is paying the FMG subsidary, 'The Pilbara Infrustructure' (TPI) the cost of rail, port and loading. The quoted amount paid by FMG and BCI to the TPI for the 300Km trip by rail, port and loading was/is around $10 a tonne. That price may have increased since that was 2.6 years ago. Shipping to Asia at the moment is a static figure of $8t.

Bye :)