BYI - Beyond International

[Klogg]

Didn't see a thread on this company, so I thought I'd start one.

BYI basically produce and distribute their TV productions to Australian and US broadcasters, as well as having their fingers in digital advertising and home entertainment.

From a value perspective, I found the following:
- Trading at 6*P/E, and < 4*cash flow (XD at the moment)
- No bank debt
- ~6mil in Cash
- Good client base both here and in the US
- A good portion of their revenue is from overseas, so any drop the in AUD would benefit them nicely
- Last year's results would have been similar to this year's, were it not for a 'significant one-off cost'
- 7% unfranked yield
- 20% owned by the chairman, 9% by the MD

A major downside is that it's very thinly traded, so it's not for everyone... and a Market Cap of ~60mil.

Has anyone else checked them out?

[Klogg]

Well, this one went nuts recently...

My entry point of 82c (used in my metrics above) in hindsight seems to have been a sensible position - touching $1.20 now.

[Klogg]

And it's off again... Profits up 17% for the half, forecast to increase profits by 10-15% for the year. Still trading on a P/E of < 10...

I can't help but think that if this company were more liquid, we'd see the Market Cap skyrocket.

[Vader]

And it's off again... Profits up 17% for the half, forecast to increase profits by 10-15% for the year. Still trading on a P/E of < 10...

I can't help but think that if this company were more liquid, we'd see the Market Cap skyrocket.

I bought into this recently (@$1.24) after it came up on one of my screens, my main concern is that their big cash cow (Mythbusters) may be getting towards the end of it's major money making life... they need to get another big hit tv show on their books to help take up the slack once Mythbusters eventually gets the axe.

...a few more solid seasons left in it yet though I'd reckon

(ok, I know that's a bit over simplified, and they do have a number of different products, but I reckon Mythbusters is a good gauge to the overall position)

[Klogg]

I bought into this recently (@$1.24) after it came up on one of my screens, my main concern is that their big cash cow (Mythbusters) may be getting towards the end of it's major money making life... they need to get another big hit tv show on their books to help take up the slack once Mythbusters eventually gets the axe.

...a few more solid seasons left in it yet though I'd reckon

(ok, I know that's a bit over simplified, and they do have a number of different products, but I reckon Mythbusters is a good gauge to the overall position)

I remember reading that Mythbusters is approximately 10% of the revenue for that particular section of the business.

I'll have a look through and if I can find it again I will post it.