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
80.5¢ |
Change
-0.005(0.62%) |
Mkt cap ! $154.0M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 82.0¢ | 80.5¢ | $4.712K | 5.851K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8254 | 79.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 265 | 2 |
View Market Depth
| Last trade - 15.01pm 17/06/2024 (20 minute delay) ? |
| BRL (ASX) Chart |
