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.
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Sorry this was actually meant to be posted here: Post 26844669...
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Last
69.5¢ |
Change
-0.005(0.71%) |
Mkt cap ! $132.9M |
Open | High | Low | Value | Volume |
68.3¢ | 69.5¢ | 68.3¢ | $25.44K | 36.64K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9095 | 69.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
70.0¢ | 23000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 9095 | 0.695 |
1 | 25 | 0.650 |
1 | 35000 | 0.610 |
1 | 4581 | 0.600 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.750 | 26666 | 1 |
0.790 | 50000 | 1 |
0.815 | 6538 | 1 |
0.820 | 2550 | 1 |
0.850 | 19255 | 3 |
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