Back again with my back of the envelope calcs. Did a little calc on how the CR and dilution as well as the sovereign wealth fund taking up to 60% of the profit impact SP moving forward.
I'm expecting we hit hydrocarbons and the options get exercised so have assumed a 20% dilution (174 million shares). The two rows I've highlighted are my ranges for what I think we'll discover, obviously hoping for much more but trying to be conservative.
At the end of the day if we hit what we're after us shareholders are all better off. Gotta put our trust, whether blind or not, in SM and the IVZ team.
IVZ Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
