Ann: Open Briefing , page-30

"shocking dreadful (but not unexpected) result. Under the watch of CEO O'Malley this company has made decisions that have directly cost BSL 2.5-3 Billion and indirectly 5-6 Billion. EPS last year(FY08) was 90c/share. Now loss of 7c/share. It will be 10+ years B4 BSL gets back to the EPS of 2008."

Dug this out for old times sake. I wrote the above post in August 2009 in response to final report for FY09 by BSL. Since then the FY10 interim has been released and: BSL still making a loss, still not paying a dividend, and CEO yet to define a strategic and comprehensive recovery plan. What has changed since august is SP dropped by 20%. I remember being vehement re O'Malley's disastrous management of BSL and stand by my observations. For BSL to get back to 90c EPS the company effectively must earn around $1.50/share in the old money, as share # has almost doubled since FY08. Hence, "It will be 10+ years B4 BSL gets back to the EPS(90c) of 2008."

PS. Unfortunately, retail holders have taken a hammering these past 2 years. However, investment banks involved with BSL's capital raising(s) have made a motsa and creamed off 10-20million for a few day's work phoning around to find buyers.

PPS. Newcomers paying current $2.50 may do well. At least the huge discounted capital raisings have reduced the heavy debt previously held by BSL and 2Q10 did see earnings squeeze into positive territory. .