Don't abandon this business yet IMO. not long to go before there is some sort of update and soon after FY21 results which are going to be below average and market has factored most of it in. The honey is going to be on business forward guidance for FY22. Analysts are expecting around $42m NPAT which will be a big jump from FY21e NPAT. Margins should be greater for this type of business however....if they can get right then current valuations are quite good on FY23e. Just want to see some evidence the business will improve second half of year before getting back in.
Changed sentiment from none to hold based on all valuation metrics below historical averages. DYOR.
BVS Price at posting:
$2.58 Sentiment: Hold Disclosure: Not Held
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