now that dready has gone, let's answer his question:
Current State of Play:
Market Cap $331m FY09 Revenue = 83 Million FY09 Profit = 38.2 Million PE = 8.7
Next Year: 190 million courses by the end of 2009 with a lag to cash position until June 2010. 190M courses of relenza alone with $1.75 going to Biota = $332 Million in Revenue.
We don't know: Costs! But, seeing as the company is giving back $20million to shareholders, it may be reasonable to assume that costs won't be much higher than last year at $45million??
Conclusion: $280 Million Profit FY09.
Question: What will BTA do with all that money??????
It doesn't take a genius to figure out that:
A: When you're onto a winner .. you stay on it.
I'll be buying some of dready's substantial shareholding ... on the 'morrow!
Joel
BTA Price at posting:
$1.90 Sentiment: LT Buy Disclosure: Held