They have sold the US division for $225 million US. They have approximately $200 million AUS in the bank. They are getting a portion of that $225 now and the rest upon settlement. So PBH will take the money they get now and the $200 Aus and pay back shareholders. So it will be approx $400 million Aus divided by the 300 million shares on issue. So each share will receive approx $1.40 ish per share. So once they have have paid that out the value of the company ( share price) will drop in line with the $400 million. So current share price will drop to approximately the payout. The market will then decide via share price what the company is worth going forward....
Ann: Results of 2023 EGM, page-13
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Last
88.5¢ |
Change
0.050(5.99%) |
Mkt cap ! $293.2M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 89.8¢ | 82.5¢ | $1.601M | 1.846M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14669 | 87.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 320 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PBH (ASX) Chart |