Where did you get the number 200 from?
BPT currently trades on a projected 2024 EV/EBITDA of just 4.2 with a projected EBITDA of $A974M and an EBIT of A$529M. If your 200 staff number and projected A$24M pa savings is correct this should result in an increase in share price of just 4 to 8 cents.
Announcing an organisational restructure based on assets sound logical. Announcing a targeted headcount reduction of 30% prior to that reorganisation, to me, makes him sound like a politician who is more concerned about headlines with the risk he doesn't quite know what he may be doing.
Would prefer he focus on strategic initiatives with the detail on operating efficiencies been done internally, with people in charge of each asset, rather than publicly making announcements and targets beforehand.
Regards
SP
Ann: Organisation update and targeted headcount reduction, page-20
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| Price($) | Vol. | No. |
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