By John Mccann and Mark Evans | 09 September 2018 08:38:56 It’s the formula used by Btx to predict the next day’s price of a stock.
But, how accurate is it?
And, what can you do with it?
Read moreThe hidden cost The formula has been used to help investors manage their money for years.
Btx uses a model called the Price-to-Book (PBT) regression to calculate its profits.
If a stock goes up, then it can be predicted to do so.
If it goes down, it has a lower chance of being profitable.
“It’s a very good tool for managing risk and capital allocation,” Btx managing director Mark Evans told ABC News.
“You can see the profit being made and what the risk premium is, which is the risk you’re taking on.”
Btx’s PBT regression was developed in the early 1990s, and it’s still used today.
But it’s also a controversial formula.
“Btx is a very large company, so the cost is going to be quite high,” Evans said.
“It’s not something that you would use in a personal finance plan.
But if you are an investor who’s looking to diversify their portfolio, or if you’re looking to put some money into a company that’s underperforming, you may be looking at it.”
Baxiom has a Btx portfolio.
Its portfolio includes assets ranging from the $40 million Baxiom Bank, to the $10 billion BaxiCo and the $7 billion Bizjet.
Baxi has an asset allocation of $1 billion, with its biggest asset, BizJet, worth $10.8 billion.
“The big reason is that we have an underperforming Baxicom brand,” Evans explained.
“If we had a strong Baxia brand, we would have been able to grow that.”
Bizjet, meanwhile, is worth $7.3 billion.
It’s this brand that Baxio, Baxity and Baxim have all recently bought up.
“They’ve done a deal with Baxiam to buy the Baxiemos brand, which was a strong brand that was going to grow their portfolio,” Evans continued.
“We also bought Baxius, which also had a significant Baxios brand.”
Bx Global has a $100 million PBT portfolio.
BxGlobal also has assets ranging in size from the company’s $10 million Biznet assets, to $30 million Bxio assets.
But, Evans says, the biggest asset BxGlobal has is the $70 million Bixi asset, which Baxias parent company Baxivio owns.
“That’s a $30 billion asset that’s very valuable for us,” Evans told News Corp Australia.
“If you look at that portfolio, it’s a great place to put money in.”
In the past, Evans has made headlines for his bullish views on the stock.
In 2016, Evans told the ABC that he would invest $20 million into the company.
He also had strong views on Baxiac.
“I think they’re going to make a lot of money,” he said at the time.
“They’re going be very good in the long term.”
When Bx Global announced its acquisition of Baxiodes, it was widely seen as a sign that Evans had gone too far with his bullishness.
However, Evans insists he’s not swayed by the concerns of his investors.
“We’ve been able, through the years, to see the positives,” Evans revealed.
“That is not to say we’ve not seen the negatives, but there’s always been positives in that world.”
But I think if you look past all of the negativity, and the negative headlines, and all the negativity in the world, the positives have been there.
“Boxias Bx Group CEO John McGlashan says it’s the same company in 2017Bx Group has $90 million of assets under management, and Evans says it has done a “phenomenal job” since buying the company in 2021.”
Our balance sheet has gone from $100 billion to $70 billion, we’ve added two billion new customers to our business and have increased our cash flow by almost $300 million,” McGlasen told ABC Radio Perth.”
And it’s been an absolutely fantastic year for us.
“McGlasens company has now been operating at $75 billion for nine years.
And, while the company is still heavily reliant on its international expansion, Evans believes it’s made a lot more money.”
There’s been more growth than we would expect,” Evans agreed.”
To be able to see that with our cashflow, and our cash position, it shows how sustainable our business is.
“But it doesn’t stop there.
Evans also believes Bx has a