CR: 365 M AUD
SPP: 45 M AUD intended, 14 M AUD cashed.
Total expected: 410 M AUD. Total cashed in: 380 M AUD
This amount could be considered to be not known to be needed by Albemarle before studying LTR's books.
Finance: initially 760 M AUD, now 550 M AUD. Still to be executed and intented to be used to pay Ford's loan (already known by Albemarle) and KV initial opex. So real, unknown needed debt was 460 M AUD then (760 - 300) , 250 M AUD now (550 - 300).
Total unexpected costs (initial): 410 + 460 = 870 M AUD.
Total unexpected costs (final): 380 + 250 = 630 M AUD. < 10 % of the initial offer.
From Albemarle's webpage:
"As of September 30, 2023, Albemarle had estimated liquidity of approximately $3.1 billion, including $1.6 billion of cash and equivalents, $1.3 billion available under its revolver and $186.1 million available under other credit lines." The 3.1 billion USD make 4.7 B AUD.
They hadn't cash to buy LTR. So a 10 % increase in their final offer wouldn't had been a matter of concern. Moreover when they had stated previously that they intended to increase their offer if there was any counterbid.
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Last
90.5¢ |
Change
-0.020(2.16%) |
Mkt cap ! $2.194B |
Open | High | Low | Value | Volume |
91.0¢ | 93.5¢ | 89.0¢ | $26.09M | 28.68M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 472933 | 90.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
90.5¢ | 446423 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5786 | 0.900 |
4 | 110000 | 0.895 |
34 | 321661 | 0.890 |
8 | 180544 | 0.885 |
17 | 389749 | 0.880 |
Price($) | Vol. | No. |
---|---|---|
0.905 | 22997 | 2 |
0.910 | 105000 | 5 |
0.915 | 95187 | 4 |
0.920 | 25500 | 1 |
0.925 | 44911 | 4 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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