thebull.com.au runs an article picking 18 stocks each week to buy,hold and sell. This week bly was up in the strong buy list. And why wouldn't it be. Do your own homework but considering this company's current standing including forecast ebitda for FY09/10 and its revised debt levels coupled with an increasing demand for their services, what do you get as an expected share price? I dont get 27c, neither do i get 35c. Discounting market sentiment (which is hard to do so just take an average 30% discount) you should get 41c.
Shame for raving1, hope in 2 months time you will have managed to have traded ur way to the same level as you may have been if you kept holding bly.
And iceman, great call. 24c is quite realistic. Everyone is talking about a 27c stronghold, i dont see it.
BLY Price at posting:
$2.70 Sentiment: LT Buy Disclosure: Held
