True. I think the tax is interesting, too. If this goes ahead, then they would already be thinking about the next leases and will be looking to minimise tax while acquiring them.
So, dreaming for a second:
- If tax and costs on the deal could be held to 15%
- and they bought new assets at fair value that the markets liked
(if the deal goes ahead, the market will start believing JC again),
- and AUDUSD kept going to say .6250
we would be looking at a NTA of $1.30...
Long shot but on the table now at least I think if JC can play the cards right this time.
AZZ Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
