BYI - Beyond International

[Hoborg]

Hah, most overblown reaction I've ever seen.

NPAT down 15-20%, due to timing of projects and restructure costs... but at current prices its sitting at a P/E of < 10 (assuming 20% profit drop), with net cash being 15% of the market value.

I'm be surprised if this is sitting on an EV/EBITDA multiple of > 6...

Obviously this is a very superficial analysis, and Revenues in TV Production and Copyright segment have dropped off significantly, but still doesn't really justify the doom and gloom scenario that's priced in...

 

[WRiley]

A TV Production and Copyright 'operation' has a high moat, high barrier to entry. The mgmt. just has to come up with a few tweaks, and they can turn the business around. Need to put in some creativity now,...

 

[System]

On January 3rd, 2023, Beyond International Limited (BYI) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between BYI and its shareholders in connection with the acquisition of all the issued capital in BYI by Screentime Pty Ltd, a subsidiary of Banijay Entertainment SAS.