Unfortunately I think BTI's (pre-merger) stake is fairly small. The Monthly NTA report says BTI's stake is valued at ~$10.7M, and that is based on the price ANZ paid for its stake in Jan 2019. Reports at that time valued the company at $300-400M, which puts BTI's holding at between 2.5-3% of the company. They sold down at around that time too and made a partial cash realisation, so previously held a little bit more.
It's good news, but I would be surprised if this has a huge effect on the NTA per share - might add 2-3 cents (which would be good news), but the deal would have to be outstanding for it to be significant from a BTI perspective.
Having said that, I still think there's heaps of upside to BTI - starting to develop a well-rounded portfolio with its stakes in Siteminder, Instaclustr, Straker, Lendi, etc, and still very undervalued relative to equivalent tech VC firms globally.
Unfortunately I think BTI's (pre-merger) stake is fairly small....
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Last
$1.18 |
Change
0.025(2.16%) |
Mkt cap ! $172.9M | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.18 | $1.16 | $50.31K | 43.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19735 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 3000 | 1 |
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| Last trade - 13.07pm 30/08/2024 (20 minute delay) ? |
| BTI (ASX) Chart |