My understanding based on ASX releases is as follows:
“Pursuant to the Share Sale Agreements announced on 21 October 2021 for a total aggregate cash consideration of US$500m (or approximately AUD $667m applying an AUD:USD exchange rate of $0.75)”
Current exchange rate is $0.715, so that pushes the cash-in-the-kitty amount to $700m.
“Cardno intends to distribute AUD$582m (in aggregate) to Cardno shareholders (AUD$1.49 per share)”.
That should leave $118m behind in the kitty, or $0.30 per share, plus whatever IDA is worth.
Buying at current price of $0.21 sounds a good deal, or am I missing something?...
Ann: Return of Capital - CDD, page-25
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CDD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
39.0¢ |
Change
0.015(4.00%) |
Mkt cap ! $15.23M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.0¢ | 38.0¢ | $3.371K | 8.744K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15208 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 6380 | 1 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| CDD (ASX) Chart |