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.
Agree that FY11 is looking in the rear view mirror. We knew...
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Last
$1.81 |
Change
-0.050(2.70%) |
Mkt cap ! $2.125B | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.93 | $1.81 | $131.4M | 72.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1300 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.82 | 6188 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BGL (ASX) Chart |