Australia's largest stock trading and investment forum Australia's #1 stock forum

BAL

Click for more information

0.00%

$13.23 bellamy's australia limited

Bal chart-what next?, page-4

First 4 Last

Share
Profile

Follow
Lqin83

136 Posts.

13/04/16

21:07

Post #: 17497048
Share

Originally posted by hakemps ↑

I'd like to underwrite Charlie's sentiments and also add a slightly different perspective. I agree that short to medium term this stock is likely to come out of the flag pattern on the upside, however there is scope for some more weakness first - down to the other two resistance levels of $8.30 and perhaps even $7.14.

View attachment 166919

Once the momentum is going the right way I would also set my first target at around Charlie's suggested target of $12 - although my valuation comes out at a fair price of (only) $10/share, based on a net profit estimate of $25m for 2015-16 and a 31% dividend payout ratio.

Cheers
Hans

Expand

Did you underesitmate the net profit after tax?

BAL Price at posting: $9.37 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Trump is President Again: What Does This Mean for Crypto?

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

There are more pages in this discussion • 17 more messages in this thread...

First 4 Last

Add BAL (ASX) to my watchlist