"In summary, I think that FY2015 and FY2016 will have more...

"In summary, I think that FY2015 and FY2016 will have more revenue than $320.5M and $339.5M respectively, and because the NPAT margin should be at least 4% (and maybe 5%), NPAT should be higher, and hence EPS higher too, and then an exuberant Mr Market would lift the P/E ratio to say 8.



For now I'll accept 72 cents as a target SP, but as the year rolls out and the quality of Mr McBain's stewardship becomes patent, the risk is to the upside.



BYL is a small cap with a concentrated ownership and low liquidity, so it is not a stock for many investors, in spite of its sterling quality."

Agree wholeheartedly Pioupiou.
Good direction for BYL. Sellers thinner than I have ever seen them. The report from July 17th projecting an anticipated great EOFY report August 18th and should have usual Divi early September. I am holding and wishing I had more.