SEA 0.00% 16.5¢ sundance energy australia limited

Ann: South Antelope Sale , page-36

  1. 53 Posts.
    Very simplictically prior to today we had a market cap of 150M at a share price of 0.56 and about 276.7M shares on issue. Currently the market cap is about 210M (0.76 per share)a increase of 0.20 per share. At the last disclosure the companies assets were valued at 128M with debt of 15M now they have made a sale of one of thoes assets at 172.4M so if this was their only asset they would have made a profit of 50M or 0.18 per share. Obviously this is not their only asset. I am unsure of what the previous book value was but the numbers speak for themselves. I think there is much more value in thi announcement that 0.20 per share please correct me if I am missing something here.
 
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