CR: 365 M AUD
SPP: 45 M AUD intended, 14 M AUD cashed.
Total expected: 410 M AUD. Total cashed in: 380 M AUD
This amount could be considered to be not known to be needed by Albemarle before studying LTR's books.
Finance: initially 760 M AUD, now 550 M AUD. Still to be executed and intented to be used to pay Ford's loan (already known by Albemarle) and KV initial opex. So real, unknown needed debt was 460 M AUD then (760 - 300) , 250 M AUD now (550 - 300).
Total unexpected costs (initial): 410 + 460 = 870 M AUD.
Total unexpected costs (final): 380 + 250 = 630 M AUD. < 10 % of the initial offer.
From Albemarle's webpage:
"As of September 30, 2023, Albemarle had estimated liquidity of approximately $3.1 billion, including $1.6 billion of cash and equivalents, $1.3 billion available under its revolver and $186.1 million available under other credit lines." The 3.1 billion USD make 4.7 B AUD.
They hadn't cash to buy LTR. So a 10 % increase in their final offer wouldn't had been a matter of concern. Moreover when they had stated previously that they intended to increase their offer if there was any counterbid.
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Last
$1.00 |
Change
0.035(3.63%) |
Mkt cap ! $2.425B |
Open | High | Low | Value | Volume |
97.5¢ | $1.02 | 97.0¢ | $15.30M | 15.33M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 92465 | $1.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.01 | 20810 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 27899 | 1.000 |
1 | 500 | 0.995 |
14 | 419743 | 0.990 |
3 | 105062 | 0.985 |
8 | 104909 | 0.980 |
Price($) | Vol. | No. |
---|---|---|
1.005 | 20810 | 3 |
1.010 | 143403 | 12 |
1.015 | 500242 | 11 |
1.020 | 718856 | 17 |
1.025 | 7000 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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