"$15m net cash currently
Another $40m for Morrissons.
$55m cash and 20% ($10m) in Morrissons
MC is $70m at the moment. Cash + Morrisson's is 65m.
That's nuts"
It is indeed nuts.
However, they will need to hand it over appropriately capitalised, with $10m of Net Working Capital, so I'm not sure how much of the $40m will need to be retained within Morrions to fulfill that obligation.
Hey, even if the full $10m will need to be nettedoff the $40m consideration (which won't be the case), it would still be nuts.
.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
33.8¢ |
Change
0.003(0.75%) |
Mkt cap ! $41.71M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.0¢ | 33.0¢ | $138.5K | 410.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4379 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 66306 | 2 |
View Market Depth
| Last trade - 15.59pm 25/07/2025 (20 minute delay) ? |
| SEQ (ASX) Chart |