Wah Nam are in control of the board and running the show. I'd...

Wah Nam are in control of the board and running the show. I'd say pretty soon we'll see a merger announcement of Brockman and Wah Nam. And, to no surprise it will of course be approved by the new board and recommended to all shareholders.

Wah nam assets:

55.33% * Brockman ($281m) = $155.47m
1.15% * Atlas ($2,526m) = $29.04m

total: $184.51m

Wah nam value: $184.51m
Wah nam market cap: $514m

514m / 184.51m gives:

Wah nam valuation premium: 278.57%


If we have a merger with Wah Nam then I expect the 'Wah nam valuation premium' to apply to BRM as well.

Brockman market cap: $281m

This gives us a BRM market cap of 782.79M ($281m * 278.57%)


So based on the current SP of around $2 I would expect abount $5.57 share price upon the announcement of a merger with Wah Nam!

Have I missed any Wah Nam assets in my calculations? Happy to be corrected. :)