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Ann: Exclusive Option Agreement to Acquire Balance of TSi India-TSN.AX, page-125

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  1. ddzx
    37,911 Posts.
    lightbulb Created with Sketch. 828
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    21/10/16
    15:04
    Post #: 20033621
    is this wrong or correct?

    at 2.5 cents, the TSN market cap was $48M for a 25% interest in TSi India

    today's announcement states that TSN will buy the other 75% of TSi India for $48M

    therefore, 100% of TSi India is worth $64M

    therefore, TSN is currently worth $16M or 0.8 cents per share based on the acquisition price

    is this wrong or correct?

    Last edited by ddzx: 21/10/16
    TSN Price at posting: 2.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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