I wanted to revisit this post to see how much Lanstead are...

First 19 Last

homeytheclown

615 Posts.

12/02/16

10:53

Post #: 17003269

Originally posted by homeytheclown ↑

Reggie

I would think those (myself included) that were brave enough to buy at $0.05 would not be selling their shares during this favorable period. Whilst there is always an element of risk, I believe that risk is already factored into the share price. The Lanstead deal is as follows so it still has another 6 months to run.

Equity-swap #1 commencing Jul-2014
Subscription shares: 7,843,137 shares @ $0.1785
Benchmark price: $0.238
Share payment to Lanstead: 392,157
Duration: 18 months, equates to 435,729 shares per month

Equity-swap #2 commencing Nov-2014
Subscription shares: 19,130,455 shares @ $0.115
Benchmark price: $0.153333
Share payment to Lanstead: 956,522
Duration: 18 months, equates to 1,062,803 shares per month

Lanstead are getting 1,498,532 shares per month. The following shows the funds that BLK receive dependent on share price. You can decide if the amounts are worth suppressing the share price.

Column 1 Column 2 Column 3 Column 4 Column 5 Column 6

1 Monthly average share price: $0.180 $0.240 $0.300 $0.400 $0.500

2 Equity Swap #1 payout: $58,823.42 $78,431.22 $98,039.03 $130,718.70 $163,398.38

3 Equity Swap #1 payout: $143,478.72 $191,304.96 $239,131.19 $318,841.59 $398,551.99

4 Lanstead payout to BLK $202,302.13 $269,736.18 $337,170.22 $449,560.29 $561,950.37

5 Price paid by Lanstead per share: $0.135 $0.180 $0.225 $0.300 $0.375

Expand

I wanted to revisit this post to see how much Lanstead are paying for their shares. Equity Swap #1 has expired but Equity Swap #2 still finishes in in April-16 so if BLK can maintain a share price of $0.50, they are due to get another 3 payments from Lanstead totaling ~$1.2M.

BLK Price at posting: 48.5¢ Sentiment: None Disclosure: Held

1 Upvote

0 Great analysis

Top Stories

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

HLX

Helix investor makes partial takeover bid, proposing board changes

HVN

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Results wrap: Austal, TPG Telecom and Downer

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

PYC

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

EBR

EBR reaches review milestone for wireless cardiac pacing device

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

There are more pages in this discussion • 2 more messages in this thread...

First 19 Last

Add WMC (ASX) to my watchlist

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
1	Monthly average share price:	$0.180	$0.240	$0.300	$0.400	$0.500
2	Equity Swap #1 payout:	$58,823.42	$78,431.22	$98,039.03	$130,718.70	$163,398.38
3	Equity Swap #1 payout:	$143,478.72	$191,304.96	$239,131.19	$318,841.59	$398,551.99
4	Lanstead payout to BLK	$202,302.13	$269,736.18	$337,170.22	$449,560.29	$561,950.37
5	Price paid by Lanstead per share:	$0.135	$0.180	$0.225	$0.300	$0.375

I wanted to revisit this post to see how much Lanstead are...

Top Stories

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Helix investor makes partial takeover bid, proposing board changes

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Results wrap: Austal, TPG Telecom and Downer

Lendlease sells off US east coast construction operations in latest global divestment push

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

EBR reaches review milestone for wireless cardiac pacing device

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Featured News