Agreed. No buyback can happen while all the cash is held in the JV.
I think that if Talleys is out of the picture BRL will have 50% higher EBITDA and access to all the cash.
I don’t see downside as BRL can’t get its hands on the cash at the moment. I think people miss this point when wondering why the SP is undervalued.
Ann: Trading Halt, page-8
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Last
84.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $160.7M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 84.0¢ | 80.0¢ | $32.94K | 39.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.0¢ | 16896 | 1 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
83.5¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 83.5¢ | 83.5¢ | 83.5¢ | 1633 | ||
| Last updated 15.55pm 27/05/2024 ? | |||||
| BRL (ASX) Chart |