Ann: Appendix 4E and FY18 Annual Financial Statements, page-5

Maybe some good news on the horizon for this laggard.  AFR today:
"Kiwi Straker Translations eyes $80m float; Bells on board
Here's one for the artificial intelligence enthusiasts.
A New Zealand-based tech start-up that uses AI powered software to provide online language translation services is pursuing an $80 million listing on the Australian Securities Exchange next month.  
Street Talk understands Straker Translations, which is backed by ASX-listed investment firm Bailador, started a management roadshow last week aimed at drumming up support for the mooted initial public offering.
Straker has developed a system called the RAY technology translation platform, which learns on the job and is used by more than 10,000 small and medium-sized clients in over 20 countries for translation services. It has undertaken a lot of acquisitions and earns more than 90 per cent of revenue offshore.
The company and its broker would no doubt like fundies to compare it to ASX-success story and Bell Potter alumni Appen, which started listed life at 50¢ a share in 2015 and closed at $14.35 on Monday.
Funds raised in the IPO are pegged for acquisitions and roll-out.
Stockbroker Bell Potter Securities is in its corner rattling the can. Straker is seeking to raise $21 million in fresh funds for a market value of about $80 million.  "

BTI NTA Announcement
"Straker
Straker co-founders Grant and Merryn Straker were namedMaster category winners in New Zealand’s 2018 EY Entrepreneur of the Year awards. The pair are now up against winners from four other categories for the 2018 NZ Entrepreneur of the Year award.

Looks like Straker represents approx. 9 cents of the current BTI NTA of $1.15.  Hope this flys when listed. This will start to create some well needed confidence in the BTI business model and the ability of the BTI management to create value.

Lets hope the Trump trade continues and US are enthusiastic about the business.