Quote:
quote:Originally posted by Lizard
I have just reduced my FY07 NPAT forecast to $25.6 - $26.2m based on lower margins and higher corporate costs. This puts them on a forward P/E of about 13.5 at current price of $1.65.
However, higher than expected revenue growth and additional store openings have increased estimates of future earnings, so my valuation stands at $1.70.
Right now, I suspect the sp falls back slightly or tracks sideways for a while. But I still like for the longer term.
Has anyone checked out the Urban Loft store in Auckland? I take it that this has opened now and I'd be interested in any comments.
Sales for the Jan qtr came out right on line with my model, to take revenue to $372m. I am currently working on the lower end of the expected NPAT range, at $25.6m. I think BGR is pretty fairly valued at current price for now.