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BKL Bad News Looming???, page-106

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asb83

3,617 Posts.

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05/08/17

09:45

Post #: 26308875
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Originally posted by JoeGambler ↑

If they were facing zero growth and had $3 eps, than I can see a $30 share price. This isn't the case.

Have a look at the last few quarterlies and wait for the full year results.

The business is expected to bounce back significantly in FY18 on the back of increased direct exports to SE Asia, and over supply in the Aus retailers is now likely resolved after the ass fell out of the Diagou trade in 2016.

The profit growth will come from increasing direct exports to SE Asian countries. This will primarily be China but also, Vietnam, Korea, Indonesia and others. This is why it won't trade at $30, the growth realised and projected.

Median analyst EPS expectations for FY18 is $4.60 (commsec). After the full year results and management commentary this should become clearer for investors.

The short interest may be justified in the very short term as they may disappoint in Q4 FY17, but I'm looking more than 6 months out.

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Well they have had negative growth in FY17 (not even zero growth). BKL love referring to FY17 growth against FY15 in their reports and classify FY16 as an outlier year. Poor form on their behalf trying to pick the year in which to benchmark growth

BKL Price at posting: $87.61 Sentiment: Buy Disclosure: Not Held
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