Everyone seems to be an expert on Tinklers private numbers and I think most are exxagerating his debts. His financiers satisfied the WHC board that they had provisional backing of $2.25b. Assuming he gets the additional 16% rollover into his Bidco, he needs to buy 355m shares at $5.20 or $1.85b. Assuming 4% or $100m facility/ adviser fees - he still has $300m credit available which I suggest would be his current debt load on his WHC holding (not the $500m , $600m & $800m that many are suggesting).
It would make sense that he had 1 facility to fund his venture, existing financiers or new financiers would not wish to subrogate their rights or security in favour of another party. Likewise rumours of him paying 15% on his existing debt ??? why would the new lenders give him $2.25b whilst knowing that he was paying such terms on existing facilities - simply they wouldnt, they would consolidate the loans?
Yesterday I sold 100% of my SMSF holding and 50% of my personal holding in WHC because I didnt like the market action late in the day.
I still think he will put this together but it is no better than a 50/ 50 bet with a possible 35% sp movement either way.
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Last
$6.69 |
Change
0.080(1.21%) |
Mkt cap ! $5.596B |
Open | High | Low | Value | Volume |
$6.70 | $6.78 | $6.66 | $65.75M | 9.881M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 550 | $6.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.70 | 14239 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 6.680 |
3 | 1732 | 6.670 |
6 | 12340 | 6.660 |
2 | 3110 | 6.650 |
1 | 200 | 6.640 |
Price($) | Vol. | No. |
---|---|---|
6.710 | 300 | 1 |
6.750 | 3000 | 1 |
6.760 | 12000 | 2 |
6.770 | 3000 | 2 |
6.780 | 13938 | 2 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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