Its pretty funny, BKR would be better off, getting rid of all their other businesses except for their share in Magna Pacific. The the rest of their business is running at a loss, although they did mention that some of the payments are skewed to the second half. Forecasting full year profit at around $3million, places them on current prices under a PE of 10.
Are they cheap - I dont know. Balance sheet seems a bit messy. What are some other peoples thoughts?
Cheers
BKR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
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