BAL - Bellamy's Organic

[noodles]

Thought I would start a thread on the recently listed Bellamy's Organic. http://bellamysorganic.com.au/

Key points
-While they do quite a few products, baby formula is 85% of sales
-Most of their sales are in Australia. They are expanding into Asia
-They don't produce their own product. They use third parties.
-Growth has been stellar. See historical and forecast sales/earnings below
-They have recently upgraded PFI by 20%
-piefunds own quite a few (I own a lot less)

PERIOD	Type	Revenue	Revenue Growth	EBIT	EBIT Growth	Interest	NPAT	eps	pe
FY12	Historical	17,200		0		0	400
FY13	Historical	28,800	67.44%	1,100		100	1,400
FY14	Historical	50,900	76.74%	2,900	163.64%	200	1,900
FY15	Broker Forecast	100,560	97.56%	8,360	188.28%	0	6,019	0.062	26.75
FY16	Broker Forecast	131,000	30.27%	11,700	39.95%	0	8,424	0.086	19.12