After nearly a year-long offseason and a boatload of uncertainty, the 2021 NBL season will finally tip-off on Friday night from the Adelaide Entertainment Centre.
Fans will be treated to a very short but sweet five-game slate and there is enormous value to be found in each and every contest.
With plenty of rest and rosters reduced slightly, upsets are almost a guarantee, and to help you find a winner, we’ve analysed each and every game in our 2021 NBL Round 1 Preview.
Friday January 15, 7:30pm, Adelaide Entertainment Centre
Melbourne has opened the season early $3.00 favourites to win the championship as they set their sights on a very favourable first-round game against the 36ers.
Adelaide proved themselves to be a handful at times last year before ultimately finishing the season seventh on the ladder after losing four of their final five games.
With last season cut short due to COVID, United has unfinished business heading into 2021.
Melbourne did just enough to secure a top-four position and they’ll also be looking for revenge on Adelaide after losing to them in a blowout last time they met.
Plenty of people have the 36ers pencilled in as a bottom three-team, and while they do have two former NBA players on the roster and some promising young prospects, it’s hard to see them having enough defence against this well-rounded Melbourne side.
Chris Goulding, Scottie Hopson and Mitch McCarron make up one of the toughest trios in the league, while big man Jock Landale, who played for the Boomers during the World Cup, should also play a huge role on the boards.
Adelaide has enough to keep this game close early, but a full four-quarter effort might be a bit much to ask for.
Tip: (Handicap 2-Way) Melbourne United -5.5 @ $1.91
Saturday January 16, 5:30pm, Nissan Arena
After plenty of uncertainty, the Bullets will host the new-look Hawks on Saturday night in front of a half-full Nissan Arena up in Brisbane.
The Bullets were unlucky not to finish top four before last season was canceled, while the Hawks were handed the wooden spoon after winning just five of their 28 games played.
As the market suggests, this is probably one of the toughest games to pick this weekend with so much uncertainty surrounding both teams.
New Bullets forward Vic Law should be fun to watch after spending time with the Orlando Magic last year, but outside of him and Anthony Drmic, it’s hard to see the Bullets competing without much depth.
The Hawks fall into the same boat with Deng Adel and Cameron Bairstow headlining the top line of talent. They’ve got enough pieces to win more than five games, but plenty is riding on the performance of the bench.
As far as this game goes, the Hawks do look a good bet, though.
They’ve played more preseason games than any other team in the NBL this year, while new head coach Brian Goorjian should have this team playing a much different brand of basketball to the one we’ve become accustom to from the Hawks in recent years.
Tip: Back the Hawks to Win @ $2.10
Saturday January 16, 8:00pm, Cairns Pop Up Arena
There’s no doubt the Kings will be playing with a chip on their shoulder after last season was cancelled right in the midst of their championship series against the Wildcats.
Sydney will need every bit of that motivation if they are to make it back to the finals this year though, let alone take down a Cairns side that looks poised to strike with a loaded roster.
Unlike in years past, the Kings are now relying heavily on the duo of Casper Ware Jr and Jarell Martin with Xavier Cooks ruled out for the first few months of the season.
The Taipans, meanwhile, look set to contend for a title if their young roster can remain healthy and generate some chemistry in the early stages.
New Zealander Mojave King is a man to watch as he looks to make a name for himself ahead of next year’s NBA Draft, while Scott Machado and Cameron Oliver are already well-established guys capable of leading this team to victory.
It’s very odd to find the Kings as outsiders this early in a season, but when you consider Cairns also has home-court advantage, it’s not hard to see why.
The Taipans were a perfect 3-0 as the home favourite last season and they do look a tremendous bet to kick things off with a win.
Tip: Back the Taipans to Cover the Line (-5.5 Points) @ $1.90
South East Melbourne Phoenix
Sunday January 17, 3:00pm, Adelaide Entertainment Centre
We’ve got even money on offer here between the 36ers and Phoenix.
Adelaide has an enormous job ahead of them after facing a tough Melbourne side on Friday night, which likely plays into the hands of the Phoenix as they look to open their second season in the NBL with a win.
South East Melbourne took the competition by storm early on last year before tailing off in the second half.
They should be much-improved this time around, largely due to the fact former NBA player Mitch Creek has returned for another year to buddy up with former G-Leaguer Keifer Sykes.
The Phoenix don’t have a lot of depth on the bench, but their starting five should give them enough to stay competitive in most games and potentially open things up with a win.
Tip: Back the Phoenix to Win @ $1.90
Monday January 18, 7:30pm, Cairns Pop Up Arena
No surprise to find the Taipans as the odds-on favourites here.
Cairns made short work of the Hawks when they last met winning 99-75 on their home court and they should have no trouble putting up points against one of the more questionable front courts in the league.
With that in mind, we could be in for a high scoring game between these two sides.
The total has gone over in 17 of their previous 30 meetings, so don’t be surprised if the scoreboard gets a workout.
Tip: Over the Points Total
The 2019/2020 NBL season is here!
The growth of the NBL in recent years has been nothing short of outstanding and the league enters a new era this season as the South East Melbourne Phoenix enter the competition.
We have analysed every game set to take place in the opening weekend of the season and our complete 2019/2020 NBL Round 1 tips can be found below!
South East Melbourne Phoenix
Thursday October 3, 7:30pm, Melbourne Arena
United and the Phoenix kick off what should be a long and healthy rivalry on Thursday night in the first Melbourne derby game.
The preseason was a large success for the Phoenix earning four wins from their seven overseas games. South East Melbourne pulled off back-to-back victories over the Bullets and Taipans last month, largely due to brilliant 20-point performances from Tai Wesley.
United’s preseason was a little more up and down. Melbourne strung together three wins on the trot over the Zhejiang Lions, Shanxi Loongs and Cairns Taipans before dropping a game to the Bullets 102-80. United bounced-back with a 41-point win over the Hawks five days later, but their two-point loss to the Perth Wildcats last week wasn’t what coach Dean Vickerman was searching for.
It’s no surprise to find Melbourne as the heavy favourites in their first game of the home/away season. United hasn’t lost their opening game since 2016/17, and although the Phoenix will more than likely cause a few upsets this year, the occasion might be a little too much in their first-ever game.
Tip: Back Melbourne to Cover the Line (-5.5 Points) @ $1.91
Friday October 4, 7:30pm, Cairns Convention Centre
It’s been a remarkable preseason for the Taipans after finishing last year on the bottom of the NBL ladder.
Cairns won both games over the visiting California Lancers and Creighton Bluejays before turning their attention to the Bullets, as the Taipans piled on the points to outscore Brisbane 180-132.
The preseason counts for very little, but it appears the bookies might be overlooking Cairns to start the season.
Sydney’s limited preseason saw them earn only a pair of wins over the Hills Hornets and New Zealand Breakers, both of which came at home. Winning in Cairns is tough, particularly for a side that lost five games on the road last year.
Kings fans will also remember their opening round loss to the 36ers last season. Considering the Taipans are also 2-1 as the home underdog at the line against Sydney, it’s worth backing Cairns to keep this close.
Tip: Back the Taipans to Cover the Line (+5.5 Points) @ $1.91
Saturday October 5, 5:30pm, RAC Arena
This shapes up as a tough turnaround for United as they travel to Perth following Thursday night’s game to face the Wildcats in a Grand Final rematch.
The defending champion Wildcats enter the season at $5.00 behind Melbourne ($2.80) to retain their title, and this game should tell us all we need to know about Perth after a rather flat preseason.
Perth lost twice to the 36ers in their three-game set against Adelaide last month, but as we saw last season, home-court advantage counts for a lot.
The Wildcats finished the 2018/19 season 12-2 at RAC Arena, while United finished with a ho-hum 8-6 record on the road.
There’s no shortage of star power on the court this week as all eyes will be on Perth’s Bryce Cotton to repeat his stunning Grand Final performance. On the other side, Melbourne’s Melo Trimble will also garner plenty of attention.
It’s very tough to back against the Wildcats at home, especially with United coming in on short rest.
The Wildcats are 13-5 as the home favourites against Melbourne and considering Perth has won their last two games against United by double-digits, it’s worth backing this one to get a little out of hand.
Tip: Back Perth to Cover the Line (-3.5 Points) @ $1.90
Sunday October 6, 3:00pm, WIN Entertainment Centre
The NBL has saved the best for last this week as all eyes shift towards LaMelo Ball in his Hawks debut.
Ball struggled in Illawarra’s final preseason game last week shooting just 1-for-10 from the field and 0-for-4 from three, but the Hawks should feel confident in bouncing back as they host the Bullets at home.
Brisbane’s preseason was short and sweet as they lost to the Creighton Bluejays at home before losing to the Wildcats on the Sunshine Coast. Even so, the bookies are expecting this one to be close with the Hawks favoured by only 2.5-points.
The Bullets have won three of their last five games over Illawarra dating back to last season but are a luckless 0-5 as the away underdog against the Hawks.
With that in mind, this shapes up as a game worth watching rather than betting on.
Tip: No Bet
The NBL has gone from strength to strength in recent years and a new season gets underway on Thursday.
The big off-season news was Andrew Bogut signing with the Sydney Kings and it is the Kings that will start this season as clear favourites to claim their first NBL Championship since 2008.
Bogut’s NBL debut on Saturday afternoon against the Adelaide 36ers will be the highlight of the weekend, but there are a host of competitive games and there is plenty of value to be found.
We have analysed every game set to take place this weekend and our complete 2018/2019 NBL Round 1 tips can be found below.
New Zealand Breakers
Thursday October 11, 5:20pm, Spark Arena
The New Zealand Breakers ran out of steam at the end of last season and they finished their campaign with six straight defeats.
They will still start this clash with the Brisbane Bullets as clear favourites and their record against the Bullets in recent seasons has been excellent – they have won six of the past eight games played between these two sides.
The Breakers won eight of their 13 games as home favourites last season and they were a flat 5-2-6 against the line.
It was another tough year for the Bullets and the big question is whether former NBA player Alonzo Gee can make the Bullets a genuine contender.
Brisbane won three of their 13 games as away underdogs, but they were 7-2-4 against the line in this scenario.
The Breakers are a side that could struggle this season and it would not surprise if the Bullets gave them a genuine scare.
Back Brisbane To Cover The Line (+2.5 Points)
Thursday October 11, 7:50pm, Titanium Security Arena
The Adelaide 36ers and Perth Wildcats are both expected to be in the Playoffs mix once again after strong seasons last year.
The home side has generally had the upper hand when these two sides have met and it is the 36ers that will go into this clash as narrow favourites.
Adelaide have won 12 of their past 14 games as home favourites and they covered the line in 11 of those victories.
Perth ran out legs at the end of last season and they finished the season with just one win from their past six games.
The Wildcats won only two of their past six games as away underdogs and their record against the line was no better.
Adelaide should win this game fairly comfortably and they are one of the best bets of the weekend.
Back Adelaide To Cover The Line (-1.5 Points)
Friday October 12, 7:50pm, WIN Entertainment Centre
The defending champion Melbourne United start their title defence with a trip to Illawarra for a clash with the Hawks.
Melbourne United will go into this clash as clear favourites and they had no issues winning on the road last season.
They won five of their past seven games as away underdogs and they have covered the line in each of those wins.
Illawarra had another solid season last year and they are a team that is often underrated by the betting market.
The Hawks won only one of their three games as home underdogs last season and their record against the line is no better.
Melbourne can start their season with a win and they can cover the line in the process.
Back Melbourne To Cover The Line (-3.5 Points)
Saturday October 13, 2:50pm, Qudos Bank Arena
The Andrew Bogut-era will begin on Saturday afternoon when the Sydney Kings host the Adelaide 36ers and they will start this game as dominant favourites.
Sydney won five of their past seven games as home favourites last season and they were able to cover the line in each of those wins.
Adelaide have won their past nine games against Sydney and winning away from home was not an issue for them last season – they have won five of their 13 games as away underdogs last season for a clear loss.
There is no doubt that Sydney deserve to go into this clash as favourites, but they are far too short at their current price and 36ers are outstanding value to record an upset victory.
Back Adelaide To Win @ $3.70
Saturday October 13, 7:50pm, Brisbane Convention Centre
The Brisbane Bullets will start this clash as favourites and this is a position that they have struggled in since their return to the NBL.
They won only two of their past six games as home favourites and their record against the line in that scenario is no better.
The Cairns Taipans were not disgraced during the NBL season last year, but they would still need to improve substantially to be a genuine contender this season.
Cairns won only two of their 13 games away from home last season and their record against the line was no better.
It is tough to trust either of these teams from a betting perspective and I am happy to stay out of this clash.
New Zealand Breakers
Sunday October 14, 2:50pm, Hisense Arena
Melbourne United have won their past four games against the New Zealand Breakers and they will start this game as clear favourites.
They won 15 of their 18 games as home favourites last season and their record against the line in that scenario was a profitable 11-1-6.
New Zealand were able to win five of their 13 games as away underdogs last season, but their record against the line was poor in this scenario.
This is a game that Melbourne should win comfortably and the line of 5.5 points will not be anywhere near enough.
Sunday October 14, 5:20pm, Perth Arena
The Perth Wildcats are one of the shortest-priced favourites in the NBL this weekend.
Perth have won seven of the past eight games played between these two sides, but they were a tough side to trust as home favourites last season.
They won only seven of their 13 games in this scenario, but they did cover the line in each one of those wins.
Illawarra won five of their six games as away underdogs for a clear profit and, as I said earlier, they are one of the most underrated sides in the competition.
In saying that, their incredibly poor record against Perth can’t be ignored and this is a game that the market looks to have just about right.
The NBL bounced back in a big way last season and we could not be more excited for the start of the 2017/2018 NBL season.
There was nothing between all eight teams in the NBL last season and that made the competition a simply outstanding one from a betting perspective.
Our NBL selections proved to be winning plays all season and we are confident that will continue, so don’t miss our 2017/2018 NBL Round 1 tips that can be found below.
Thursday October 5, 7:30pm, Titanium Security Arena
Adelaide 36ers 97 - Melbourne United 99
Melbourne United never really lived up to the hype last season, but they will still start this clash with the Adelaide 36ers as clear favourites.
The big change for Melbourne United this season is that unpopular coach Dean Demopoulous has been replaced behind Dean Vickerman – one of the best strategic minds in Australian basketball – and he may finally be able to get the best out of one of the most talented rosters in the competition.
Winning away from home was a huge issue for Melbourne United last season and they won only one of their seven games as away favourites last season for a huge loss.
The Adelaide 36ers were the best team in the NBL regular season, but they were unable to go to another level during the NBL Playoffs and they could be in for a tough time in 2017/2018.
There was no better player in the NBL last season than Jerome Randle and it will be impossible for the 36ers to replace their star, who has left the NBL to play in Turkey.
In saying that, the loss of Randle can help the 36ers become a more well-rounded outfit and this is a roster that has a fair bit of depth – especially amongst their big men.
The 36ers won 10 of their 16 games at home last season and won nine of their 16 games as underdogs for a massive profit.
It might take a while for Melbourne United to start to fire this season and it is Adelaide that represent the value in this clash.
Back Adelaide 36ers To Win @ $2.25
Friday October 6, 7:30pm, Cairns Convention Centre
Cairns Taipans 88 - Illawarra Hawks 87
There is very little between the Cairns Taipans and Illawarra Hawks in betting for their NBL season opener.
Cairns made a surprise appearance in the NBL Playoffs last season and there is no reason that they can’t be in the mix once again.
The loss of Travis Trice to the Brisbane Bullets is not ideal, but they have added plenty of quality in the form of Michael Carrera and Dayshon Smith.
Cairns won six of their ten games as home favourites last season and they were 9-6 against the line in front of their home fans.
The Illawarra Hawks surpassed all expectations to qualify for the NBL Grand Final last season and Rob Beveridge is right up there with the best coaches in the competition.
Not a great deal of changes have been made to the Hawks roster this season, but they have replaced a couple of mis-firing imports with the Demitrius Conger and Delvon Johnson.
This is a tricky start to the season for the Hawks as beating Cairns in Cairns is never easy and they generally struggled on the road last season.
Backing Cairns at home is always a profitable betting play in the NBL and there is no reason to move away from that this season.
Back Cairns To Beat The Line (-1.5 Points)
Saturday October 7, 5:30pm, Qudos Bank Arena
Sydney Kings 96 - Adelaide 36ers 105
The Adelaide 36ers are on the quick back-up after taking on Melbourne United in the NBL season opener, while the Sydney Kings have returned from their clash with the Utah Jazz in the United States.
There is no doubt that the Sydney Kings took big strides under the leadership of Andrew Gaze last season and at the midway point of the season they were on top of the ladder, but they fell away badly in the second half of the season.
The Kings are arguably the toughest side in the NBL to analyse heading into this season as there is a great deal of turnover on this roster and they are weak at a couple of key positions – most notably at point guard.
Sydney will start this clash as favourites, but they went 7-7 as home favourites last season and were a poor 5-9 against the line in this scenario.
The 36ers have won seven of their past eight games against the Sydney Kings and their record away from home last season was nothing short of outstanding.
Adelaide won eight of their past 12 games as away underdogs for a massive profit and they were 9-3 against the line in that situation.
The 36ers go into this clash with a genuine chance of recording an upset win and they are one of the best bets of the weekend.
Back Adelaide To Win @ $2.45
Saturday October 7, 8:30pm, Perth Arena
Perth Wildcats 96 - Brisbane Bullets 86
The Perth Wildcats continue to be one of the most remarkable franchises in Australia sport and they will start this clash with the Brisbane Bullets as clear favourites.
At one stage last season it looked as though Perth would miss the NBL Playoffs completely, but everything changed when they signed Bryce Cotton and the former NBA Player led the Wildcats to yet another NBL Championship.
Cotton is back for another NBL season and that is probably the main reason that the Wildcats will start the NBL season as favourites.
Perth weren’t as dominant at home last season as they usually are, but they still won 11 of their 15 games as home favourites and were profitable against the line as home favourites.
The Brisbane Bullets made a strong start to their NBL return last season, but a crippling injury toll saw them fall away in the second half of the season and they ended up with the wooden spoon.
Torrey Holt carried the Bullets through their injury crisis and he has signed with the Denver Nuggets in the NBA, while Camerson Bairstow will miss the entire season as he recovers from a serious knee injury that he suffered in December.
These are massive shoes to fill – literally in the case of Bairstow – but they have signed proven NBL performers Travis Trice and Stephen Holt and the likes of Adam Gibson and Anthony Petrie are back from injury.
The Bullets never really got firing on the road last season and they won four of their 14 games away from home, while their record against the line was not much better.
This is a tough way to start the season for the Bullets and the Wildcats should prove to be too strong.
Back Perth Wildcats To Beat The Line (-5.5 Points)
New Zealand Breakers
Sunday October 8, 3:00pm, Spark Arena
New Zealand Breakers 71 - Cairns Taipans 82
This is a tough road trip for Cairns and they head to New Zealand after starting their season against the Hawks on Friday.
The common consensus about the Taipans is that they struggle to win outside of Cairns, but they were able to win five of their 13 games as away underdogs last season and they were a profitable betting side in this scenario.
That included two wins over New Zealand in New Zealand and Cairns have won the past four games played between these two sides.
The New Zealand Breakers struggled for consistency throughout the 2016/2017 NBL season and it is tough to know what to make about this roster heading into the their new campaign.
This is a fairly solid if not spectacular roster and the pressure will be on new imports DJ Newbill and Edgar Sosa to take this side to another level.
New Zealand were able to win eight of their 13 games as home favourites last season for a small profit and they were 8-5 against the line in this scenario.
The Breakers must win these sort of games to be any chance of being contenders this season and they can get the job done in their season opener.
Back New Zealand To Beat The Line (-2.5 Points)
The 2016/2017 NBL season is finally here and it is set to be one of the most exciting editions in the history of the rejuvenated competition.
The Brisbane Bullets are back in the NBL for the first time since 2008 and they will start their season with an intriguing clash against the Perth Wildcats on Thursday before they face the Sydney Kings on Saturday.
All eight NBL teams will be in action over the weekend and below you can find our thoughts for every single game!
Thursday October 6, 7:30pm, Brisbane Entertainment Centre
Brisbane Bullets 72 - Perth Wildcats 65
The Brisbane Bullets will be back in action for the first time since 2008 and there is expected to be a large crowd in attendance at the Brisbane Entertainment Centre.
The Bullets have put together a strong roster and they should be more than competitive in their first season back in the NBL, but it is fair to say that taking on the defending champions in their first regular season game is a tough challenge.
Perth – like just about every team in the NBL – have a much better record in front of their home fans and they have won four of their past eight games as away favourites for a narrow loss.
Their record against the line in this scenario is also 4-4 and you would have to think that the depth and experience of their roster has to give them the edge over the Bullets.
The fact that Bullets star recruit Cam Bairstow will not be in action is another negative for the Bullets and the Wildcats really do look a good bet to cover the line in the season opener.
Back Perth To Beat The Line (-3.5 Points)
New Zealand Breakers
Friday October 7, 5:30pm, Vector Arena
New Zealand Breakers 76 - Melbourne United 71
The New Zealand Breakers made it all the way to the NBL Grand Final Series last season, but expectations are not particularly high heading into this season.
New Zealand will somewhat surprisingly go into their first home game of the season as clear underdogs and this is the first time in over a year that the Breakers have started a home game as underdogs.
It is very easy to make a case for the Breakers in this clash – they have won their past four home games against Melbourne United and they were 13-3 in front of their home fans last season.
Melbourne United finished the 2015/2016 NBL season as minor premiers, but they went out meekly during the playoffs and inconsistency plagued them at key moments.
On their best form, there is no outfit in the NBL that can match it with Melbourne United, but that form can often go missing for lengthy stretches of time.
Melbourne United were 4-2 as away favourites last season for a narrow loss and they were 6-9 against the line away from home last season.
New Zealand simply must be respected in front of their home fans and they are a great bet to record the first upset of the NBL season.
Back New Zealand To Win @ $2.40
Friday October 7, 7:30pm, Win Entertainment Centre
Illawarra Hawks 122 - Adelaide 36ers 88
The Illawarra Hawks made the playoffs despite having serious administration issues last season and it is fair to say that they were the big overachievers of the season.
Illawarra no longer need to worry about their survival in the competition – at least for the moment – but whether they can have another successful season on the court is a big question.
The Hawks will go into this clash with Adelaide as favourites and they won 10 of their 12 games as home favourites last season, while they were a most impressive 9-3 against the line.
The Adelaide 36ers just missed the playoffs last season and they are expected to take a big step forward this season.
Their roster is even stronger than it was last season and there is a lot to like about them this season, but whether they can win this game is a stretch.
Adelaide won just three of their 12 games as away underdogs last season and they were just 4-8 against the line in this scenario.
I think Adelaide will be the better team long-term, but Illawarra can start their season with a victory.
Back Illawarra To Beat The Line (-2.5 Points)
Saturday October 8, 5:30pm, Qudoas Bank Arena
Sydney Kings 73 - Brisbane Bullets 77
This is the start of a new era for the Sydney Kings with Andrew Gaze at the helm.
The Kings were easily the worst team in the NBL last season, but they are a completely new outfit for this season – Brad Newley is a key signing – and their form during the pre-season has been very strong.
Sydney finished last season with a 3-3 record as home favourites – in both head-to-head and line betting markets – but I expect them to improve significantly on that record under Gaze.
This will be the first road trip for the Brisbane Bullets and they were badly beaten by the Sydney Kings during the preseason.
Sydney could not have asked for a softer start to their season and if they are able to replicate their pre-season form they will be far too strong for the Bullets.
Back Sydney To Beat The Line (-5.5 Points)
Saturday October 8, 9:30pm, Perth Arena
Perth Wildcats 84 - Cairns Taipans 74
The Perth Wildcats will celebrate last season’s NBL Championship in their home season opener against the Cairns Taipans.
Perth are the shortest-priced favourites in the opening round of the NBL season and it is very easy to see why.
The Wildcats won 16 of their 18 games as home favourites last season and they were 10-2-6 against the line in this scenario.
Cairns were one of the most disappointing teams in the NBL last season and they look as though they could be in for another long season.
There is some talent on their roster and they may not be as bad as the market suggests, but this is still a very tough way to start the season.
The Taipans won just one of their 14 games away from home last season and they were a particularly poor 3-8 against the line in this situation.
Everything points to a very comfortable Wildcats win.
Back Perth To Beat The Line (-10.5 Points)
Sunday October 9, 3:00pm, Hisense Arena
Melbourne United 79 - Adelaide 36ers 87
We will know more about both these teams following their opening games of the season, but Melbourne United are set to start this clash as dominant favourites.
Melbourne were 11-4 as home favourites last season for a narrow profit, but their record against the line was nowhere near as strong.
Adelaide won just three of their 12 games as away underdogs last season and they were 4-8 against the line in this scenario, so it is very tough to have any faith whatsoever in this outfit.
Melbourne should be able to secure the victory in front of their home fans, but there is no value at their current price.