ILUKA RESOURCES (ILU)
Trading 18% above our NPV measure, expensive Kcompared with its peers. Balance sheet gearing of 28%, when most peers are gearing below 20% and de-gearing rapidly.
$7 BENDIGO BANK (BEN)
Current estimates reflect a flat year-on-year earnings profile until we have further clarity on the timing and quantum of benefit from the move to advanced accreditation.