BGL 6.50% $1.97 bellevue gold limited

Finally had a chance to have a proper look at the result. BGL...

  1. 1,371 Posts.
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    Finally had a chance to have a proper look at the result.
    BGL takes a little bit of extra work to figure out how much value creation is going on due to the consistent acquisitions that it makes.
    In FY14 there were calls (including my own) that BGL was not generating enough organic growth.
    They did 3.7% organic revenue growth in that year with marginally negative organic earnings growth by my calcs.
    FY15 has been a stark turnaround - ~26% organic revenue growth and approx 14% organic earnings growth.

    Happy to continue holding and see if Jason can keep this momentum rolling...
    Last edited by ValueSnatcher: 04/09/15
 
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