GPT 2.50% $4.29 gpt group

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  1. 631 Posts.
    Putting 0.64 in context...

    The number of shares on issue doubled and doubled again... so if we take our 0.64 x 2 = $1.28 x 2 = $2.56 ...

    Then for the pleasure of the double doubling, we had to stump up a premium of 0.60c and 0.35c respectively... lets take that into account so...

    $2.56 - 0.95c = $1.61.

    One year ago they hit the $2 mark give or take.. so that 40c would be an extra 10c on current pricing - or 0.74c / share.

    The reason, as I recall, that it hit the $2 mark about a year ago, is that this point is when SGP came along and grabbed 12% or so of the stock - making it ripe for take over play.
 
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