Interesting you mention around credibility of the board and management, as it seems the industry has immense respect for BRL and its management, skill and expertise, yet on the share market front, it is the opposite - no matter what BRL tries to say (however conservative) or present, Mr Market doesn't care anymore. Maybe that RCPS (w]here the shares were issued a year ago, and was initially announced well over 2 years ago - all for good reason: the SE Acquisition) is still somehow being 'punished' for somehow not going down an alternate route of funding.
I am confident that eventually, they will match up (ie management will get dramatically worse, or the sharemarket will start value BRL a bit more 'fairly'). A dividend will go a long way to 'really' showing Mr Market that BRL are really as good as we all know they are.
BRL Price at posting:
15.3¢ Sentiment: Buy Disclosure: Held
