Page 16 - Director's equity value estimate is 38c.
Does this mean a significant jump in SP is imminent?
The document is a good read and while I don't agree with some of the analysis it is a strong rejection which is good to see.
The securitisation upside shows the potential available but also begs the question as to why this was not pushed for earlier in their growth cycle and when debt markets were more accessIble
Not sure the document addresses why the SP has sunk so low and why it lingers in the early teens and heavily discounted to the various valuations put forward.
In the fullness of time this might become clearer. All IMO.
YBR Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
