SRS 0.00% 7.1¢ spicers limited

Ann: Spicers enters into a Scheme Implementation Deed with KPP, page-25

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  1. 117 Posts.
    lightbulb Created with Sketch. 32
    It could be as high as 7.6-7.8 but difficult call to make because the calculation is complex and depends a lot on what you assume for run-off costs and how much the advisers get paid.

    There is $13.1m of 'fat' between the disclosed working capital balances between 31-Dec-18 and the $60.2m figure ('minimum working capital') they have to sell it with. So if you assume they can squeeze this out, potentially you get another ~0.6c per share.

    (Edit: reality is it will probably be somewhere between the range above and the current estimate SRS have put out given leakage). [Held]
    Last edited by XavierX2: 29/05/19
 
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