OBL 2.68% $1.09 omni bridgeway limited

15/16 FY results

  1. 944 Posts.
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    It appears IMF are going to report a very strong result next month. Some very nice wins in the second HY including:

    Lehman PBT $30M

    S&P PBT $49M

    HK $2.5M

    Exit from Europe ~ $3M

    Total around $84.5M PBT. Assuming 30% company tax rate i get around NPAT $59M and an EPS in the mid 30c range. I know this is a rough estimate and come to think of it I've ignored the small loss in the first half and I've likely missed some other stuff too but I'd expect it to be broadly right. That combined with the strong pipeline for this year plus ~$30M already locked in already convinced me to buy a few more today.

    For risk management reasons I do not intend to add any more to my position in IMF in the future.
 
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