Unfortunately I think BTI's (pre-merger) stake is fairly small. The Monthly NTA report says BTI's stake is valued at ~$10.7M, and that is based on the price ANZ paid for its stake in Jan 2019. Reports at that time valued the company at $300-400M, which puts BTI's holding at between 2.5-3% of the company. They sold down at around that time too and made a partial cash realisation, so previously held a little bit more.
It's good news, but I would be surprised if this has a huge effect on the NTA per share - might add 2-3 cents (which would be good news), but the deal would have to be outstanding for it to be significant from a BTI perspective.
Having said that, I still think there's heaps of upside to BTI - starting to develop a well-rounded portfolio with its stakes in Siteminder, Instaclustr, Straker, Lendi, etc, and still very undervalued relative to equivalent tech VC firms globally.
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Last
$1.18 |
Change
0.025(2.16%) |
Mkt cap ! $172.9M |
Open | High | Low | Value | Volume |
$1.16 | $1.18 | $1.16 | $50.31K | 43.12K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19735 | $1.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.17 | 3000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19735 | 1.160 |
2 | 18054 | 1.155 |
5 | 16317 | 1.150 |
6 | 34579 | 1.145 |
3 | 16190 | 1.140 |
Price($) | Vol. | No. |
---|---|---|
1.170 | 3000 | 1 |
1.185 | 8500 | 1 |
1.190 | 8071 | 1 |
1.200 | 29725 | 7 |
1.210 | 22650 | 2 |
Last trade - 13.07pm 30/08/2024 (20 minute delay) ? |
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