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$13.23 bellamy's australia limited

And probably safer than property and the banks!

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Barolobill

7,788 Posts.

189

22/08/16

20:38

Post #: 18593958
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Originally posted by tbecker101 ↑

looks like bal being conservative. current run rate of profit is $26m 2H, so thats $52M per annum. This suggests that it should get to around $60-65M for FY17 with some extra growth.

FY18 will be a big year as stated, so it could explode to the $80-90m range, with $1eps likely for FY19.

At $1 EPS for FY19, 22x pe, it is $22 stock by FY18 conservative.

Main growth engine appears the direct china sales of 300% growth. So at $22for FY18, current $14.20 odd, thats 55% growth in 1 year, a lot higher than cash.

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And probably safer than property and the banks!

BAL Price at posting: $14.19 Sentiment: Buy Disclosure: Held
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