Sorry this was actually meant to be posted here:
Post 26844669 (on 29/08/17): I mentioned that Whitehaven Coal was trading at 5.1 x EBITDA and South32 was trading at 9.1 EBITDA. BRL is currently trading at 3.3 on todays market cap - stupidly cheap. (South32 has gone up 10.8% since that post, Whitehave Coal is the exact same)
But before some of you come out swinging with the big "but investor_jackson dilution, dilution, dilution!" (like some have in the past)... lets look at this objectively - If another 369,818,182m shares are issued "tomorrow" at current price of 12.5c (slide 32), market cap totals $250m (by the way, this is the absolute maximum - there is no more possible dilution)
250m / 61m EBITA = 4.1 - barely close to Whitehaven Coal and no where near South32... And I haven't talked about the excitement on slides 18 to 27
What does this mean? Add on 25% to today's closing price and you have the "minimum" share price BRL should be tomorrow.
Sorry this was actually meant to be posted here: Post 26844669...
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Last
81.0¢ |
Change
-0.005(0.61%) |
Mkt cap ! $155.0M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 81.5¢ | 79.0¢ | $22.60K | 28.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12578 | 79.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 177555 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BRL (ASX) Chart |