Great analysis MrInvestor !My only comment would be if you are...

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bombersmadd

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26/12/21

22:10

Post #: 58524527
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Originally posted by MrInvestor2: ↑

Deal Breakdown based on what we know:

Shares on issue (fully diluted): 428,523,535 + 40,750,000 options (all in the money and vesting hurdles met)
= 469,273,535

Total deal: ~US$434m
ASX: PSC: US$377,800,000 (87% Arcadia)

Zimbabwean CGT:(Let's assume cost base is $0.)
70% @5%
US$303,982,000 @5%
= US$15,199,100

17% @20%
US$73,824,200 @20%
= US$14,764,840

= US$29,963,940 payable

(Note the blended CGT rate works out to be 7.93%)

Post CGT:
377,800,000 - 29,963,940
= US$347,836,060

Deal Value Per Share in AUD:
US$347,836,060 = AUD$480,234,290
= $1.02 per share
This figure has no other deal costs ripped out like professional fees.

Distribution and Shell Value:
Assuming they want to retain the full US$50m but was stated as "up to".
US$50m = AUD$69m
Current cash balance: $20m
Held back from deal: $49m
Distribution: $431,234,290 or $0.919
Shell: $0.147 on cash backing basis

-------------------------------------------------------------------------------
Hope there are no mistakes in that. Value to us will fluctuate with the USD:AUD exchange rate of course.

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Great analysis MrInvestor !

My only comment would be if you are going to include the 40,750,000 options in the calculation to be fully diluted, you should also account for their exercise proceeds !

PSC Price at posting: 75.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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(20min delay)
Last 9.6¢		Change 0.000(0.00%)		Mkt cap ! $54.88M

Open	High	Low	Value	Volume
9.5¢	10.0¢	9.5¢	$111.5K	1.125M

Buyers (Bids)

No.	Vol.	Price($)
1	25000	9.6¢

Sellers (Offers)

Price($)	Vol.	No.
9.9¢	27625	1

View Market Depth

No.	Vol.	Price($)
1	25000	0.096
3	151039	0.095
1	200000	0.094
2	103228	0.091
1	11494	0.087

Price($)	Vol.	No.
0.099	27625	1
0.100	86511	1
0.105	50000	1
0.110	73000	3
0.115	280351	3

Last trade - 15.52pm 13/11/2024 (20 minute delay)

PSC (ASX) Chart

Great analysis MrInvestor !My only comment would be if you are...

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