Bigpete - postman's figour of A$728,818,300.32 / 145,013,151 BRM shares has an error. WN do not hold 145,013,151 BRM. That is the total BRM shares. WNI only hold 105.268m BRM. times $3.65 = $384.228M So what other intangible assets do WN own that equates to the other $344,590,000 ????
Tot. WN 1ntangible assets A$728,818,300.32 - $384,228,000 (value of BRM)
Sorry I have not studied WN's report, but I know there is only a total of 145,013,151 BRM shares on issue.
BRM Price at posting:
$2.33 Sentiment: Buy Disclosure: Held
