I think there will be a downgrade to guidance during the next half. They are expecting 1HY19 revenue to be 10-15% below 1HY18, yet still expect FY19 revenue to grow by up to 10%. I guess "up to 10%" means anything from 0% to 10%. I think they'll struggle to even meet FY18 revenue levels given 1HY19 is 10-15% below 1HY18. My sentiment is "Buy" purely from an EV valuation perspective it looks rather undemanding.
BAL Price at posting:
$7.81 Sentiment: Buy Disclosure: Not Held