how it looks post-implementation, page-13

"2010:
Attributable to parent = $16.7m
Divided by 4334.6m shares = 0.39c per share"

The $29.0m minority interest is actually 360 capital's stake in the funds management business which is still on balance sheet. The call option due to be exercised by Becton over its share is worth $26m cash. So the above NTA figure is a little misleading.

It should be:

2010:
Attributable to parent = $16.7m
Add back $26m call option = $42.7m
Divided by 4334.6m shares = 0.99c per share

(With VIC govt stamp duty liability: 0.76c per share)

Forecasts on $45m positive operating cashflows p.a.:

2011:
Attributable to parent = $87.7m
Divided by 4334.6m shares = 2.0c per share

2012:
Attributable to parent = $132.7m
Divided by 4334.6m shares = 3.1c per share

A bet that can still go to any extreme either way...
Good to see Sydney market held up in recent survey...