BPT 1.02% $1.49 beach energy limited

oh dear ...... 700m "non-cash" w/offs ......... ummm to value a...

  1. 4,714 Posts.
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    oh dear ......

    700m "non-cash" w/offs .........

    ummm to value a bit of dirt .....you either spend CASH on it (drill holes, = capitalised expl spend)......OR get someone else to SPEND cash on it (farm-out and carrying value of JV assets)..........

    either way - in past periods - the CASH HAS BEEN spent .........

    for BPT to "improve" they need to "reduce the amout of capital required to generate the same prod/sales/ebitda" - ROCE......or acquire vastly undervalued assets .......

    rgds
    V_H
 
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