Managed to get a hold of the report that was released Monday week ago - with the gib sell off. One calc. was based on forecasted earnings for 04. They used the factor of 4.8 x EBITDA to determine market value.
One interesting point is that in a sentence prior to their P&L Summary to calculate earning they write this line ...quote ' we estimate BSL earnings would be c$345-350m for FY 04E vs the $280m we are forecasting below (in the P&L summary)'.
Unbelievable, they appear to have added the last line post calculation. Using their new estimates the market value moves from $ 3.90 up to $4.80 using the number of outstanding shares as at June 2003. This estimate moves into line with the JP morgan valuation.
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Last
$21.36 |
Change
0.100(0.47%) |
Mkt cap ! $9.428B | |||
| Open | High | Low | Value | Volume |
| $21.19 | $21.42 | $21.19 | $5.674M | 258.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 514 | $21.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.37 | 141 | 4 |
View Market Depth
| Last trade - 10.51am 17/05/2024 (20 minute delay) ? |
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Last
$21.39 |
Change
0.100 ( 0.17 %) |
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| Open | High | Low | Volume | ||
| $21.21 | $21.42 | $21.20 | 13761 | ||
| Last updated 11.10am 17/05/2024 ? | |||||
| BSL (ASX) Chart |