See EXPLANATORY MEMORANDUM (B) released today.
Page 8 is where the money is
Great news but I was at golf and didn't load up @ .32 cents like I should have.
"In the Independent Expert’s report, Deloitte Corporate Finance has valued RHG after the sale of its Origination Business and its Brands to Westpac at: -60 to -77 cents and if the two XCP programs are unable to be refinanced, Deloitte has reduced this value to -35 to -43 cents per share."
This is after considering all possible outcomes voiced in the Report.
Anyone here want to put there head up and state they either know more or have done more research than the Independent Expert’s. If you are that highly qualified and you are going to suggest a higher or lower price please detail in full your valuation and methodology regardless of + or – of this valuation.
It great news to be holding – all be it av. down to below -40 cents from as high as first buy at -70 cents and have a experts report to support our gut feeling of the contrarian buy when it was over sold. Nice to have a report back up of what was always obvious – that quote” after the sale of its Origination Business and its Brands to Westpac it will be valued at: -60 to -77 cents”.
It will take time, but RAMS will run
DYOR
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