BCB 12.1% 2.9¢ bowen coking coal limited

Ann: Director Resignation, page-78

  1. 5,041 Posts.
    lightbulb Created with Sketch. 5075
    I make enterprise value to be $313.7M at present, i.e.:

    Market Cap: $187.9M
    Less cash at 30/6: $46.8M
    Plus debt at 30/6: $172.7M
    EV: $313.8M

    Can't see it going sub $200M EV too soon, that would be a share price of 3.5c and it would have to find strong support before then?
 
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