Share price to drift into the low 90s over the next few months.
I think with the lack of any major portfolio revaluations (i think a few are happening in June) it won't go beyond that for now the rest is noise.
BTI's comments seem to suggest they think the price went so low as everyone is wary of the big re-ratings of these tech companies like BIG and get swift, people are putting BTI into that bucket.
BTI portfolio companies would be getting valued by valuation teams at PWC/EY/KPMG etc - they value based on cash flow/fundamentals, not based on emotion or media. Although they have got it wrong before, they tend to be pretty sensible as they could get sued if they're off on their valuations.
So if PWC/KPMG are saying the portfolio is worth 1.06, then it's likely worth that.
At 85c the stock is undervalued at 24-25% below NTA.
BTI Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
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