Because of working capital build-up and because I assume BCB could be fully deleveraged in 1yr if being managed prudently.
Looking 3-4 years out and considering higher prices are likely... let's not forget there would be excess cash being generated over time.
Given how depressed the current share price is, just a small buyback would have a material impact on returns. Not that one is in the cards right now, just saying there is enormous optional value (higher prices, buybacks, dividends, synergies with Fitzroy, etc.).
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-37
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Last
5.0¢ |
Change
-0.002(2.94%) |
Mkt cap ! $139.5M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.1¢ | 4.8¢ | $1.121M | 22.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 330581 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 63637 | 6 |
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| Last trade - 13.29pm 28/06/2024 (20 minute delay) ? |
| BCB (ASX) Chart |