Ann: FBR and Brickworks form joint venture, page-127

First 127 Last

Share
Profile

Follow
CoalKing

13,246 Posts.

73

06/05/19

15:27

Post #: 38430832
Share

Originally posted by Storm_chasor: ↑

50/50 JV proved to he more successful than other structure in long run, I guess there will equal number/power on director board from both parties.

Would be interested to find out how the initial working capital is contributed, cost/valuation for FBR side comes down to over $50m in over 10 years with IP, can't be compared with the cost of developing and supply bricks by BKW in short term, devil is in these details how each party's contribution is valued. These will never be perfectly balanced, which indicates each party has put out a great faith and trust to give out what they have to make this work, one might think FBR is financially disadvantaged, propbably yes, but BKW carries a greater reputational risk given its 100yrs name in the industry shall FastAUS failed miserably.

Glad it finally come to a signed paper, phewww, got me really worried for a bit due to the full 90 day wait.

I work for a large financial insto, the most eye opening take away this year is how every industry even financials are striving to position itself by gearing with the latest tech for the next 10-15 years, in that sense I think it makes sense BKW finanlly came out from the back stage and made a formal move.

Expect announcement laying out some details of JV, which I assume is still under paperwork crunching, they just couldn't afford another 45 days extension but if all is finalised we should be able to see multi doc coming out today instead a general Ann.

Expand

It will be interesting as its 50/50 but different operation risk profiles for running costs, hence why I think the Brickworks management got a better deal IMO (they make bricks already, infrastructure in place, only make to order when required)

FBR Price at posting: 8.7¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

What's causing the cost-of-living crisis, and how to navigate it

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon