I have done a back of the envelope calculation on byron energy.Otto energy is paying $24 million for about 30 percent of byrons assets therefore the capitalisation of bye should be $80 million (current asx valuation is approx $40 million ,accordingly bye appears to be very much undervalued by the market .The buying by the chairman and another director and morgans valuation of 59 cents seems to validate my premise .
BYE Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
