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0.00% 13.0¢ dart energy limited

We should not forget about Greenpark who sold their business to...

  1. watford
    2,123 Posts.
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    17/04/13
    12:17
    Post #: 11655547
    We should not forget about Greenpark who sold their business to Dart for shares at Vwap 30 cents and Vwap 19 cents plus a small cash payment. This business was bought by dart for $42 million - worth re-visiting this ASX release from Oct 2012.

    http://www.asx.com.au/asxpdf/20121008/pdf/42975qmb0zr1dx.pdf

    Surely this asset is not the jewel in the crown for Dart. But Dart has now effectively picked it up for around $10 million (guess) based on where share price is today.

    Does this make sense? comments please

    DTE Price at posting: 5.4¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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