BKN bradken limited
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re: buyer's opportunity

  1. archie88
    1,651 Posts.
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    13/02/09
    09:50
    Post #: 4792024
    I like the comments from CBA:

    Investment view
    Cutting of capex projects and destocking is an issue for BKN. But it is a finite issue. 43% of BKN‘s 1H09
    revenues were leveraged to coal and iron ore. CommSec‘s coal and iron ore volume forecasts
    demonstrate a marginal decline in volumes in FY09, followed by 9.9% growth in volumes in FY10.
    CommSec‘s DCF valuation is $5.49, down 40 cents. Despite BKN trading at a significant discount to our
    DCF valuation, short term catalysts remain elusive and CommSec‘s recommendation remains
    ACCUMULATE/OUT PERFORM.
    BKN Price at posting: $1.54 Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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