Ann: YBR - FY 2023 Investor Presentation, page-2

Having briefly read the RMC and AFG recent results and their future plans either of them could do a lot worse than making a bid for YBR based on a multiple of NPV valuation. Both are looking for scale and investing in digital. As they are both profitable the accumulated YBR losses of over $77m could be seen as an asset (tax). Looks like YBR have completed legal settlements and not sure they have more write downs. IMO.