So as I see it, if they stick with the 85% distribution then we get 11.25c per share. (10% better than if you sold today). That leaves 2c per share in the bank plus residual company value (whatever that is (0.75c*). If they go with 100% distribution then its 13.25C per share plus residual value.
Either way you can take 10c per share today on market or 14c per share in 6 months. (This assumes you can sell your shares on market in 6 months' time of course.)
Then there is the slightest chance of a superior bid, but not putting any weight on that.
I am genuinely seeking opinions on this. Am I oversimplifying this equation?
* is an estimation based on nothing.
Sentiment changed from Buy to Hold while I consider this.
So as I see it, if they stick with the 85% distribution then we...
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Last
12.8¢ |
Change
-0.003(1.92%) |
Mkt cap ! $80.71M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.8¢ | 12.5¢ | $2.171K | 17.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 20751223 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 4482111 | 38 |
View Market Depth
| Last trade - 15.32pm 03/05/2024 (20 minute delay) ? |
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Last
12.8¢ |
Change
-0.003 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 12.8¢ | 12.8¢ | 12.8¢ | 4900 | ||
| Last updated 10.02am 03/05/2024 ? | |||||
| CE1 (ASX) Chart |