This stock is quite likely cheaper now than before the result.
I say this because of the booked worked going forward is way bigger than any broker forecasts [bell potter have them at 261 million for fy13, the company is saying that they have 300 million already so any broker targets are going to be way undercooked, using the company guidance of 300 million top line should at least result in a net of over 12 million, quite likely a fair bit more. With bells looking at 10.7 million for fy13 they are going to have to upgrade again, their last upgrade was only brought out about 3 weeks ago. Wait until the stale bulls are bought out and then see the sp run, the company will now go and roadshow the results, lets see where we are prior to going ex dividend, remember there is not that much stock around outside the top 20 shareholders
BYL Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held