BGL 0.25% $1.96 bellevue gold limited

I think you'll be close to the mark with 2.5cps for FY11 Ivan,...

  1. 563 Posts.
    lightbulb Created with Sketch. 1
    I think you'll be close to the mark with 2.5cps for FY11 Ivan, provided that the company doesn't issue too much equity for acquisitions. A couple of small acquisitions of the likes we've seen over the last 12 months would be nice.

    3 years ago we could have expected the company to trade at a higher multiple, however in a low growth, risk averse environment, multiples are likely to compress, although I don;t think you'll have to wait for 36 months to see 50c.
 
watchlist Created with Sketch. Add BGL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.