What a good sounding deal - innovative, earnings accretive, highlights the capabiilty of Management to really add value here:
-Investments under management increase by $143 million, from $108 million (including City Hotel) to $251 million
-Expected pre-tax return on ENN equity employed from management fees and annual fund distributions of approximately 21%1 - this excludes potential performance fees and capital gain on fund units
-On an annualised/full year basis the transaction is expected to be approximately 6% EPS accretive to ENN’s Core Earnings per security
-ENN expects the distribution for the full year to 30 June 2015 to be at least in line with the IPO forecast of 11.7 cents per security
What a good sounding deal - innovative, earnings accretive,...
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82.0¢ |
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Mkt cap ! $124.8M | |||
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| ENN (ASX) Chart |
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