Notice that BTV is CONSIDERING another buyback, subject to the approval of shareholders...
Well, a big YES from me.
Holders of BTV will see the value of buying back shares with a NTA per share of over 19 cents (11 of which is cash) for 8 cents, even if sellers don't...
And KEEP buying them back.
As long as there are those who like selling cash for less than its face value...and clearly there are plenty of those... then the best use of BTV's cash is to continue to buy its own stock.
e.g. If BTV gets approval for another 20m shares to be bought back, and manages to get them for 8 cps, each share increases in value from 19.6cps to 21.9!
So, the last thing I want to do is to convince the sellers of the error of their ways. Please do what you think is best. Your actions both increase the likelihood of another buyback, and then increases the value of my holding. Keep up the good work!
BTV Price at posting:
8.0¢ Sentiment: ST Buy Disclosure: Held
