My take on the figures. Sale prices WAGN $741, Tas Gas $342, Westnet 0, Multinet $236 DB Gas pl $666. Total $1985 Asset Debts. WAGN $498, Multinet $202, DB Gas pl $535. Total $1235 Corp Debt $561 $1985 minus all debts = $189. Add on cash of $54 = $243
From $243 Beppa holders get $20 and the rest is costs. So costs are in the region of $223m
A breakdown of costs is hard to do but there is $60 Tax, $20 to BAM, Duty could easily be $60, Selling commision of approx $30, forex costs(if any), bank gouging costs and miscellaneos costs of $53.
Very poor result for us, but Im sure the banks, accountants and selling agents have done very well.
PIH Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
