I have done some numbers and based on their current shareholding (per this avo's announcement) they will make a $1.163m profit which equates to an annualised return of 35.6%
I'm sure they are happy with that type of risk free return. The have nearly 15% of the shares so i'm geussing if they don't actively engage with the debt holders for a higher offer they are OK.
For each additional 1c above the 10c that's on offer Coastal will more than double their current return.
I think with their 15% they do have the ability to get a higher offer, but to then they wouldn't need a great deal.
- Forums
- ASX - By Stock
- AEJ
- coastal sitting on a 35.6% return
coastal sitting on a 35.6% return
-
-
- There are more pages in this discussion • 8 more messages 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 AEJ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online