Undervalued

short term byl isn't undervalued because this yr profits are going to drop a bit, wouldnt be surprised if its 30 per cent down on last yr. So for me the shares will drift in the range it is, and once all the current projects wins really start kicking next financial year in the second quarter, im expecting some good growth in share price

Where did you read that the profit will be down by 30%?

I can't remember seeing that forecast. It would mean a substantial reduction in operating margin if it is the case.