SRT 2.94% 17.5¢ strata investment holdings plc

Ann: Star Striker to Acquire Leading Fintech Provider Intiger, page-1421

  1. 185 Posts.
    lightbulb Created with Sketch. 10
    please correct me if wrong... I have used some round numbers here and there.

    the terms of the acquisition are: $2.4M. $250k annual salary to Mark for 3 years. 1 billion performance shares issued in 250M parcels as each milestone is met (milestones at NPAT = $1M, $4M, $11M, $40M).

    Lets assume they meet milestone 1 in the first year (sounds achievable... heck, for all we know they might already be there?!)...
    NPAT = $1M, shares on issue = 937M ordinary shares + 250M performance shares + 516M (assuming all options converted)
    EPS = $1M/1.7B shares = 0.058c/share
    Assume P/E of 10 (which I would think is fairly low for a tech outfit)
    SP = 58c

    ...and that's only milestone 1

    shouldn't really have to say this but this is not financial advice, just some back of beer coaster calcs from a dreamer.

    GLTA
 
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