Eco Investor July 2015

Pre-Dividend Securities

Another High for Bellamy's

Bellamy's Australia's shares keep rising and in mid June hit another post IPO high of $4.55. It came a few days after Bellamy's upgraded its profit guidance for the full year. In February it said it expected its second half performance to be consistent with the first half performance where it made a net profit of $3.2 million. However, in June it said it expects its full year net profit to be between $7.6 million and $8.3 million. That implies a second half profit of between $4.4 million and $5.1 million. The next question is for how long can its share price keep rising? Its IPO price, only last July, was $1. (ASX: BAL)





Search Eco Investor