From the numbers it appears that Ben is living beyond its means. Profit down by about as much as staff etc costs are up. Not exactly what I perceive as "trending the right way".
How about the reserves: $290mill exposure to Great Southern and Ben DECREASED it reserves? It must be because the court will return it s verdict first half of this year. Do I sound cynical? Current Management is not doing the share holders a favour by under-reserving on this issue. Ben might win or Ben might lose. This case is so complicated that no predictions to its outcome can be made. If I was running Ben I would reserve at least half. How anyone can justify the current level of provisions is beyond me.
results and reserves
Add BEN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$12.14 |
Change
0.020(0.17%) |
Mkt cap ! $6.895B | |||
| Open | High | Low | Value | Volume |
| $12.17 | $12.17 | $12.04 | $11.64M | 961.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2821 | $12.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.15 | 5600 | 4 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| BEN (ASX) Chart |