I do not see the profit downgrade in the notice, at half year talked about revenue of 400 million and still talk about revenue of 400 million. clear its a tough market today, especially the notice regarding the loss of green building incentives. On the other hand the taking out a compietor from the industry can only help bsa. hst demise resulted from an overseas once-off event and poor cashflow management combinded with high debt. in the end we will need to wait for the half year-results however with the purchase of burke air and the re-organization would have been better to archeive low 500 million. anyway business in oz is not great
BSA Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
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