Help me with this please......
Transaction can be considered as the sum of three parts:
1. UML sells Kangaroo Flat plant
2. UML gives GBM $5.63M for taking up liability for Bendigo liabilities for which UML has $5.63M provision (and presumably LIABILITIES would cost about $5.63M to satisfy)
3. UML gets $5.73m over next three years
So,
2. is break even (if risk and provisioning is correct)
1. and 3. are collectively a gain of $5.73M for assets which some thought may be worthless.
Can I now conclude that UML has got rid of something non-core and will make $5.73M?
Did we just get 0.5cps from this deal?
Help me with this please...... Transaction can be considered as...
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