BRS hit by triple whammy!

Three new pieces of info in today's update re BRS. All will affect the company's bottom libe.

1) The Ayslum seeker contract has been extended by another 12 months i.e. until end of February 2017 while negotiations continue for a 5 yr contract. Hence, the current margins/ROE will continue whilst they trash things out. This contract is easily the most profitable of firms many incomes sources. So it provides additional earnings plus that key the mkt craves... certainty.

2) EBITA for FY16 has been increased for the 3rd time in past 6 months by BRS. Another boost to SP.

3) Debt (also for 3rd time) has been decreased re FY16! Yet another boost.

So we have a triple whammy, all of which will boost BRS earnings for FY16 and the year beyond.

Plus the TO offer remains in place. BUY.