They should move into the ASX200 next rejig regardless (entry is around ~250million). I think the major factors will be keeping the growth rate up (I doubt they can continue this % growth in profit long term, but next few years) this could be a 1billion+ dollar company on a PE20 in 2-3 years time.
Current trajectory it went from ~3.3million profit to 7.6-8.3million in 1 year. No dividend this year, so should be cash reserves for growth... $20million next year? who knows.
It's a lot to ask for a company to double sales continually, but they are only scratching the surface of the china opportunity currently, they just need to secure raw materials and plant capacity to ensure growth.
BAL Price at posting:
$4.26 Sentiment: Hold Disclosure: Held
