TEG 5.56% 1.7¢ triangle energy (global) limited

Had a quick look at the annual report/financials + the deal. to...

  1. 76 Posts.
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    Had a quick look at the annual report/financials + the deal.

    to me looks like this means essentially:
    3.9mm in hard cash (assuming the deal get approval)
    +
    5mm in cost recovery (of which a substancial portion might be hard cash, coming in the next 12 month)

    +
    removal of major liabilities, relative to marketcap.

    +
    a potential 20mm royalty which you might wanna discount at 25% pa. , but still could be nice money over ne next decade.

    -> most important if you look at Note 2 of the annual report:
    *as they won`t be the operator anymore about 75% of the annual expenses are gone. (employees, travel, regional office....)
    *Directors and management fees are not very high so far

    = good chance after tax they might be able to distribute about 1mm per annum as dividends, assmuming they are smart enough to stay a royalty to (high premium), and not spent it on new adventures....

    cheers
    treatime
    *many
 
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