Ann: Alumina and Alcoa enter into Exclusivity Deed, page-39

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curiouswon

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28/03/24

13:08

Post #: 73103591

Originally posted by curiouswon: ↑
To keep track of the implied value of my AWC shares under the proposed transaction, for varying USD prices of Alcoa shares and varying AUD/USD exchange rates, I have prepared the simple spreadsheet below, which I am happy to share.
Implied Value of Alumina (ASX: AWC) based on Alcoa (NYSE: AA) shareprice

Basis:

28/02/2024 Announcement:-

scrip consideration of 0.02854 shares of Alcoa common stock for each Alumina share.

0.02854

AWC Implied Value in AUD

AA shareprice (USD)=> 26.00 27.00 28.00 29.00 30.00 31.00 32.00 33.00 34.00 35.00 36.00
AUD/USD rate

0.62 1.197 1.243 1.289 1.335 1.381 1.427 1.473 1.519 1.565 1.611 1.657
0.63 1.178 1.223 1.268 1.314 1.359 1.404 1.450 1.495 1.540 1.586 1.631
0.64 1.159 1.204 1.249 1.293 1.338 1.382 1.427 1.472 1.516 1.561 1.605
0.65 1.142 1.186 1.229 1.273 1.317 1.361 1.405 1.449 1.493 1.537 1.581
0.66 1.124 1.168 1.211 1.254 1.297 1.341 1.384 1.427 1.470 1.513 1.557
0.67 1.108 1.150 1.193 1.235 1.278 1.321 1.363 1.406 1.448 1.491 1.533
0.68 1.091 1.133 1.175 1.217 1.259 1.301 1.343 1.385 1.427 1.469 1.511
0.69 1.075 1.117 1.158 1.200 1.241 1.282 1.324 1.365 1.406 1.448 1.489
0.70 1.060 1.101 1.142 1.182 1.223 1.264 1.305 1.345 1.386 1.427 1.468

eg AA sp of $30 and exchange rate of 0.67c implies AUD$1.278 for each AWC share.
Expand
...and with AA closing last night at USD$33.21 and exchange rate of 0.653, the implied value of AWC is AUD$1.45
Oh, how things have changed quickly in the right direction!
Can AA rise further?? any ideas?

AWC Price at posting: $1.42 Sentiment: Buy Disclosure: Held

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Implied Value of Alumina (ASX: AWC) based on Alcoa (NYSE: AA) shareprice
Basis:
28/02/2024 Announcement:-
scrip consideration of 0.02854 shares of Alcoa common stock for each Alumina share.
0.02854

AWC Implied Value in AUD
AA shareprice (USD)=>	26.00	27.00	28.00	29.00	30.00	31.00	32.00	33.00	34.00	35.00	36.00
AUD/USD rate
0.62	1.197	1.243	1.289	1.335	1.381	1.427	1.473	1.519	1.565	1.611	1.657
0.63	1.178	1.223	1.268	1.314	1.359	1.404	1.450	1.495	1.540	1.586	1.631
0.64	1.159	1.204	1.249	1.293	1.338	1.382	1.427	1.472	1.516	1.561	1.605
0.65	1.142	1.186	1.229	1.273	1.317	1.361	1.405	1.449	1.493	1.537	1.581
0.66	1.124	1.168	1.211	1.254	1.297	1.341	1.384	1.427	1.470	1.513	1.557
0.67	1.108	1.150	1.193	1.235	1.278	1.321	1.363	1.406	1.448	1.491	1.533
0.68	1.091	1.133	1.175	1.217	1.259	1.301	1.343	1.385	1.427	1.469	1.511
0.69	1.075	1.117	1.158	1.200	1.241	1.282	1.324	1.365	1.406	1.448	1.489
0.70	1.060	1.101	1.142	1.182	1.223	1.264	1.305	1.345	1.386	1.427	1.468

Ann: Alumina and Alcoa enter into Exclusivity Deed, page-39

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