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14.5¢ locality planning energy holdings limited

Hi Older, is there any upside pro rata/adjustment based on how...

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Chopinv

110 Posts.

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04/09/19

08:58

Post #: 40301266
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Originally posted by olderwiser: ↑

I have this all sorted now, Blackrock have benefit from the growth of 5 m shares
The maximum is capped at $5m, which can be earned if the share price reaches or exceeds $2/share. Payment is made by issue of shares at the prevailing market price

Between a share price of $1.01 and $2.0 its proportional eg if the share goes up to $1.01 Blackrock earn 1 cent/share times the 5m shares ($50000), at $1.02 its 2c/share times 5m shares ($100000)

The maximum share issue as payment and so shareholder dilution occurs at $2/share where 2.5 m shares will be issued to pay the earned $5m
Interestingly a share price of $1.50 and $3.00 result in the same number of shares issued at 1.66m,
$0.50 x 5m = $2.5m divided by share price of $1.50 = 1.66m shares
$2.00 x 5m is $10m, but is capped at $5m divided by share price of $3.00 = 1.66m shares.
In effect the higher the share price is above $2.00 the less shares issued, which suits me just fine, as dilution is not a shareholders friend.

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Hi Older, is there any upside pro rata/adjustment based on how much of the facility has been drawn down? Is our only motivation to not draw it all interest? Sorry if dumb question

LPE Price at posting: 72.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 14.5¢		Change 0.000(0.00%)		Mkt cap ! $26.12M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	294142	14.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	100000	2

View Market Depth

No.	Vol.	Price($)
2	294142	0.145
2	55521	0.140
3	107775	0.135
1	1250000	0.130
3	511814	0.125

Price($)	Vol.	No.
0.160	100000	2
0.165	28929	1
0.170	518711	3
0.175	130000	1
0.180	100000	1

Last trade - 16.12pm 18/10/2024 (20 minute delay)

LPE (ASX) Chart

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