Great analysis. After settling the sale, I think we are left with a company of around 165-17o M AUS. If we divide the value by outstanding shares, we get around 0.56 cents per share, which is on a 1:1 P/B ratio, which is not going to be the case. If we go conservatively, 46 cents per share looks all right. The money back is 1.4, so the max SPP might touch 1.4+.46 1.86. Depending on the cutover date, we will see a huge price drop.
If someone's DCA falls below the current price (after adjusting the money back of 1.4), then the chances are that he will be burnt, but not severely. If the DCA is higher than the current price, I see big losses even after adjusting the money back.
PBH Price at posting:
$1.70 Sentiment: Hold Disclosure: Held
(20min delay)