BTE CEO - PROVIVDED ALL OF THE NUMBERS1. The CEO noted publically, most recently at ENERCOM, that BTE are spending 1.3M$ each day to repurchase shares. As such, in the final 6 months, BTE will use about $160,000,000 M to repurchase shares. At an average share price of $4.75, they should repurchase about 34M shares in the last 6 months and end the year with about a staggering 770M shares outstanding.
2. BTE will pay dividend to about 800M share holders in H2 of about $36,000,000M.
3. The CEO stated in Q2 transcript that 75% of 2024 FCF would materialize in H2 and that 2024 would see about $700M FCF, so according to the CEO, H2 should see about $525M.
4. We know that 1 and 2 and 3 are TRUE because the CEO stated it publically, so about $300M should go towards paying off the debt in H2 if there are other surprises.
GLTA