Agree that FY11 is looking in the rear view mirror. We knew Deprec and Amort would rise significantly in FY11 without seeing the full benefits. I think Roger Montgomery's comments are largely irrelevant, MJS nailed it with his remarks re: cashflow.
FY12 EBITDA looks to be in the ballpark of estimates previosuly outlined here. The company hinted that $9m is conservative by pointing out the seasonality of the student accommodation segment (ie most Aussie Unis are on holiday for most of July). However I had to revise my estimates down a little and the valuation came down accordingly to the low to mid 20c range. I bailed on Wednesday, I think the market has this right in recent days, BGL starts to look interesting again sub 20 cents IMO.
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Agree that FY11 is looking in the rear view mirror. We knew...
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$1.16 |
Change
0.015(1.31%) |
Mkt cap ! $1.484B |
Open | High | Low | Value | Volume |
$1.15 | $1.18 | $1.15 | $23.61M | 20.30M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 913597 | $1.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.17 | 70135 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 184 | 1.210 |
1 | 1000 | 1.200 |
2 | 27067 | 1.180 |
3 | 5018 | 1.175 |
1 | 13556 | 1.170 |
Price($) | Vol. | No. |
---|---|---|
1.140 | 4196 | 4 |
1.155 | 85 | 1 |
1.160 | 10152 | 3 |
1.165 | 716 | 1 |
1.175 | 38556 | 2 |
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