1Hfy13 EPS of 4.9c. Updates indicate 2H will be slightly down so...

1Hfy13 EPS of 4.9c. Updates indicate 2H will be slightly down so let's say 4.6c. Total=9.4c. At 22c= PE of 2.34. I reckon final div will be 1.5c ffr=3.25c for full yr gives (gross)yield of 20.9%!!! Not many shares pay a yield of 21% so what's happening? Debt is higher than desirable but with low interest rates it's manageable. Clearly Mkt feels BYL won't be able to maintain current earnings into FY14 and beyond. Majority of income is from civil (rather than mining) engineering. Looks fairly sustainable for the short term. Mining is def drag and recent purchase of $19m of earthmoving machinery was badly timed. Too many people focus on the NTA of 45c/share. Tangible assets are useless unless they are working and earning money. Ask BOL with scores of millions tied-up in idle cranes. So is 22c a bargain?My thumbsuck is eps for FY14 will drop bit over 25% to say 7c. 22/7=pye=3.142. In this mkt one needs a PE of this sort of level before investing. The FY14 div could be 2.0cents=12.9% gross. Not bad. Worth a punt at these levels imo. I bought waay too early at 27.5c but don't plan to sell. Anyone buying at present?