Thank you for mentioning that Kimbo
I hadn't forgotten, but I was trying to be conservative (bearish) so I didn't look up the amount of WPL's additional expenditure since acquisition. I had a crack at it in WPL's annual report but my eyes glazed over after the seemingly endless wordy nonsense compliance sections and details of executives remuneration. I hasten to add that this is not WPL's fault - they are just complying with legislative requirements.
But
I digress. If it is US$200m as you confidently state then, essentially, the amount of 4.4c per share which I suggested (theoretically) should "be the absolute bottom" for FAR goes up by by a factor of 47% calculated on my napkin/piece of A4 as follows:
WPL cost (2016 and as per my post above): USD 430m
WPL cost after (Kimbo's helpful suggestion): USD 630m
630/430 = 147%
So 4.4c becomes 6.5c
Current SP = 3.1c. FAR is currently priced for liquidation.
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Mkt cap ! $47.59M |
Open | High | Low | Value | Volume |
51.0¢ | 51.5¢ | 50.0¢ | $69.48K | 136.6K |
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No. | Vol. | Price($) |
---|---|---|
1 | 6629 | 51.0¢ |
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Price($) | Vol. | No. |
---|---|---|
51.5¢ | 258638 | 2 |
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No. | Vol. | Price($) |
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1 | 6629 | 0.510 |
1 | 20000 | 0.505 |
1 | 20000 | 0.500 |
2 | 32029 | 0.495 |
1 | 38794 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.515 | 258638 | 2 |
0.520 | 383246 | 9 |
0.540 | 451 | 1 |
0.550 | 2285 | 1 |
0.555 | 16505 | 1 |
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