Ann: Partial completion of Funds 2&3 investment, page-7

First 7 Last

Share
Profile

Follow
MJS

2,293 Posts.

30

28/07/24

14:22

Post #: 74950228
Share

Originally posted by Transversal: ↑

For everyone's reference, here are the economics of Funds 2&3:

And here are my personal calculations for the equivalent economics of this partial completion:

As per the slide above, I have assumed an indicative 12.5% pa equity rate for the fund investors and a 2.0% pa management fee for OBL. The investment period inferred from the reported IRR is 4.7 years, given that (43.7/5.1)^(1/4.7)-1 = 58%.

So, if my calculations are correct, the Gross Profit from this partial completion (OBL part only) corresponds to more than 10% of current Market Cap.

Please do your own DD.

Expand

Or another way of looking at this, is that is pays approx 30% of the OBL business overheads for a year.

Hopefully they can start stringing a few decent MOIC settlements together to give investors confidence they can make a sustained profit at company level rather than just fund level.

MJS

OBL Price at posting: $1.00 Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Pretty boring day, but we're back in the 8,600s

ASX Market Open: Can we squeeze one more record reset into Week 29? | July 18

GDM

Great Divide 'rapidly evolving' into commercial miner with first Challenger pour

AII

A new NASDAQ listing for a key player in the global critical minerals space

First 7 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $1.39		Change 0.030(2.21%)		Mkt cap ! $398.0M

Open	High	Low	Value	Volume
$1.36	$1.39	$1.36	$5.35K	3.907K

Buyers (Bids)

No.	Vol.	Price($)
4	928	$1.37

Sellers (Offers)

Price($)	Vol.	No.
$1.39	1180	3

View Market Depth

No.	Vol.	Price($)
4	928	1.370
6	3700	1.365
2	227	1.360
3	10621	1.355
1	9863	1.350

Price($)	Vol.	No.
1.385	1180	3
1.390	6871	2
1.395	983	2
1.400	37120	2
1.420	1524	1

Last trade - 10.56am 18/07/2025 (20 minute delay)

OBL (ASX) Chart

Ann: Partial completion of Funds 2&3 investment, page-7

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Pretty boring day, but we're back in the 8,600s

ASX Market Open: Can we squeeze one more record reset into Week 29? | July 18

Great Divide 'rapidly evolving' into commercial miner with first Challenger pour

A new NASDAQ listing for a key player in the global critical minerals space

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Partial completion of Funds 2&3 investment, page-7

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Pretty boring day, but we're back in the 8,600s

ASX Market Open: Can we squeeze one more record reset into Week 29? | July 18

Great Divide 'rapidly evolving' into commercial miner with first Challenger pour

A new NASDAQ listing for a key player in the global critical minerals space

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News