MARKETS SPECTATOR: Buying Billabong
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
What’s Billabong worth?
Citgroup analyst Craig Woolford reckons it is worth 23 cents a share but has set a price target for the stock at 25 cents following the collapse in takeover talks between two buyout firms and Billabong’s board of directors.
“The company's earnings are still deteriorating,” says Woolford. “While the situation is poor, we see balance sheet support at $0.23 per share. The US business is trading well and Billabong's brands are holding share in this market.”
At 1417 AEST Billabong shares were unchanged at 23 cents after rising as high as 11.1 per cent to 25.5 cents earlier. Billabong lost half its market value yesterday and fell as low as 19 cents, or 58 per cent, in a single trading session.
The company’s market value is now $112.6 million. Its net debt was $152.2 million as of December 31 last year.
Meanwhile, the benchmark S&P/ASX200 Index was down 56.308, or 1.2 per cent, to 4844.50.
Call 1300 880 160
Start a chat
Schedule a call
