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?...
My understanding based on ASX releases is as follows: “Pursuant...
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Last
42.0¢ |
Change
-0.010(2.33%) |
Mkt cap ! $16.40M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 41.0¢ | $17.00K | 40.60K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2461 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 39602 | 2 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| CDD (ASX) Chart |