$25.6m in H1 + 30% improvement in sales ($8m) + no stock write off ($14m) implies H2 PAT will be $47.6m. Way too optimistic. So you are saying FY19 PAT of $73.2m or BAL is valued at 13 times earnings, dream.
Prove your false stats. What was last year's PAT?
Now consider my estimate with similar logic. $12m in H1 + 30% improvement in H2 ($8m) + no stock write off ($14m) implies H2 PAT will be $34m. I am saying FY19 PAT of $48m, roughly in line with FY18.
