BAL 0.04% $12.88 bellamy's australia limited

I think there will be a downgrade to guidance during the next...

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  1. 3,617 Posts.
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    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.
 
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