Almost. Highest close on Friday ($1.78) since June.
Though still way below its highs of $3.00+ earlier this year.
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Macquarie Bank just announced as Substantial Shareholder with 5.5% of capital.
BVA are forecasting a $10m + operating cash flow surplus for the first half of 08.
Given they are still ramping up big time (ie placing pressure on w/c) this highlights (if is acheived) the strength of BVA's margins and the success of its business model generally.
IF BVA achieve the EPS if have forecast of 10-11c this puts them on a p.e of 15-17x
clearly when assessing their growth potential, the industry dynamics, the management and track record it suggests they are inefficiently priced.
This stock has a history of being "mis-read" or inefficiently priced by the market
eg when it ran to 3.00 and this subsequent fall to 1.17
A current "fair value" might be in the range of say $2.00 to $2.20 growing to say $2.50-$3.00 in 12 months.
Nice up day in a down market
Could this be the big break of the 1.80 resistance?
If so - clean run to 2.20
Phaedrus will be all over it!
dammit.... if it hadnt been for the index collapse
Woosh! - Look at the strength pour in
These guys are killing it!!!
Funds administered by BVA applications (as reported):
May 29 2007 - $800 billion
Sept 11 2007 - $850 billion
Oct 19 2007 - $1,000 billion
Nov 8 2007 - $1,080 billion = USD $1 trillion
Therefore 35% growth in less than 6 months – Outstanding stuff!
toot toot
v nice
great management
This company really does continue to impress.
Nice to see the share price starting to better reflect BVA's potential.
....“Over the course of three years, Bravura has achieved exponential revenue growth. As Bravura continues to expand and gain momentum, I am confident we will achieve our vision of becoming the leading supplier of wealth management applications and services across Asia Pacific, Europe, the Middle East and Africa.”....