BMTH live in Jakarta 2024

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This time around Ravel gets it right and BMTH (Bring Me The Horizon) are headlining the Nexfest festival in Jakarta which also features Babymetal. In this format there is no seating - which makes for a much more intimate experience - although you do have to arrive really early if you want to pick a spot right up close to the stage.  We arrived about six hours before BMTH were scheduled to start their performance and bought plenty of drinks to stay hydrated in the tropical afternoon heat (mind you, some of those were Iceland vodka mix!) This was a gig I had long been looking forward to - especially after the debacle last year. Not everyone likes BMTH of course. For deathcore fans the band sold out. For metal heads the band is not purist enough. And for the wider mainstream audience, the band is too heavy. You can't please everyone of course but there are few bands in the rock world which can match the sheer emotional velocity of BMTH. To bring metal and even aspects of metalcore t
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EV/tonne definition



EV/tonne is how cement companies are conventionally valued.

 It is simply the size of the firm – i.e. its NET DEBT and EQUITY VALUE (market cap) added together – divided by the cement firm’s ANNUAL CEMENT PRODUCTION.

 This figure essentially shows how much capital is used to produce one tonne of cement.

 The lower the figure the CHEAPER the cement company appears to be.

 The higher the figure the MORE EXPENSIVE the cement company appears to be.

 Hence cement company A which has an EV/tonne of US$80 is cheaper than cement company B which has an EV/tonne of US$120.

 Most large cement companies have an EV/tonne of between US$100-120. Small cement companies might have a 30 percent discount.

 Another way of looking at it is from the replacement cost perspective.

 Suppose a company has a EV/tonne of US$100 but the replacement cost – i.e. the cost of building a new cement plant – is U$150/tonne.

 This would suggest the company is cheap and a likely candidate for a takeover (rather than build a plant for US$150/tonne a competitor could acquire this company’s cement production capacity for just US$100/tonne – a 33 percent discount!)


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