Agreed. No buyback can happen while all the cash is held in the JV.
I think that if Talleys is out of the picture BRL will have 50% higher EBITDA and access to all the cash.
I don’t see downside as BRL can’t get its hands on the cash at the moment. I think people miss this point when wondering why the SP is undervalued.
Ann: Trading Halt, page-8
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Last
69.5¢ |
Change
-0.005(0.71%) |
Mkt cap ! $133.9M | |||
| Open | High | Low | Value | Volume |
| 68.3¢ | 69.5¢ | 68.3¢ | $25.44K | 36.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8345 | 69.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 27058 | 2 |
View Market Depth
| Last trade - 12.04pm 16/08/2024 (20 minute delay) ? |
| BRL (ASX) Chart |