"According to the industry analysts covering BLG, breakeven is near. They expect the company to post a final loss in 2021, before turning a profit of AU$429k in 2022. So, BLG is predicted to breakeven approximately 3 years from today. How fast will BLG have to grow each year in order to reach the breakeven point by 2022? Working backwards from analyst estimates, it turns out that they expect the company to grow 73% year-on-year, on average, which is extremely buoyant. If this rate turns out to be too aggressive, BLG may become profitable much later than analysts predict."
Ho hum.........zzzzzZZZZZzzzzzZZZZZzzzzz
GLTAH
BLG Price at posting:
12.0¢ Sentiment: None Disclosure: Held
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