peter111,your calculations about the discount given are very astute, you are obviously a very close follower of the stock. I too was a bit disappointed in the discount given on the shares sold and based on my calcs the discount was about $13m. I never was that great at maths. It must have been hard getting those large parcels away at a reasonable price.
Anyway as you say, its the big picture that counts.
Oh, on another note, wasn't it great that TS picked up the extra 8% in Pinnacle for no cost, the guys a genious.
Have you got any idea what the 8% share of Pinnacle may be worth and what the 35% share may be valued at?
The research Report on the CFE website by Lodge Partners has it in at $0 value on my reading of the report. I am sure its worth something, I may have missed it as its unlike professional firms to miss such an obvious asset. I wonder how much its worth, any idea?
As always DYOR
- Forums
- ASX - By Stock
- CLE
- awesome...cfe sells non core assets for $27m
awesome...cfe sells non core assets for $27m, page-21
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CLE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.73M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $410 | 409.9K |
Featured News
CLE (ASX) Chart |