BS97 - the article was hot air - trying to get the consideration into the USD400 to USD500m range....
USD386m is probably about my "ball park" of USD300m as the USD386m will be either reduced by a "significant" dividend paid to Mitsui or the cash will be acquired and be in the SMC company for the use of SMR.
If there are any other synergies arising from the other SMR operations then great.
Also the transaction is expected to complete in q4 2022 and there are "no other adjustments" other than the dividend. which means SMR gets at least two months of production attributable to Mitsui's 20% that it hasn't paid for. At the current coal price this could also be significant. It follows if you reduce USD386 by a significant dividend and an at least 2 months of "free production" the actual price paid is likely to be sub USD300m
On face value looks like a pretty compelling transaction for SMR.
Best
BSP
NFA, DYOR, GLTAH
Ann: Quarterly Activities Report, page-16
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Last
$3.19 |
Change
-0.040(1.24%) |
Mkt cap ! $2.875B | |||
| Open | High | Low | Value | Volume |
| $3.28 | $3.30 | $3.19 | $2.141M | 663.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4098 | $3.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.19 | 24640 | 4 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| SMR (ASX) Chart |