Great result!!!
LFS UK sold for around A$200m to A$260m.
The only question not clarified here is LFS UK
net cash. This would reduce LNK’s cash balance.
If it is A$90m, then that would be LNK’s contribution to the settlement. Based on LNK’s balance sheet on gross debt and cash, one probably could assume that it is around A$50m. Just guessing here.
“The net balance of its cash and regulatory capital resources. As at 31st December 2022, its gross cash and regulatory capital resources were £52.2 million;”
As I posted before, Link likely has insurance cover. No amount mentioned.
“Any proceeds LFSL receives in respect of insurance in relation to redress. LFSL holds potentially relevant insurance cover and discussions with its insurers are ongoing;”
LNK Price at posting:
$2.09 Sentiment: Buy Disclosure: Held
