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14/02/22

10:50

Post #: 59550133
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Originally posted by Red Baron: ↑

In the stock head interview, Mike said the 2 businesses were probably about 50/50 as far as valuations go. Our present $800m valuation is beaten down because of the political situation & general market down turn. I'd expect the political side to be mostly resolved by the time LLL lists & our MC back up above $1b

I'd also expect a run up in price as the demerger Record date approaches. I also think they'll discount it by about 20% to ensure the Entitlement offer gets over the line. So I could see our MC being around $1.2b by then, with LLL representing at least half that, then discounted. So I'd expect the IPO to project a MC in the order of $500m, maybe in the range $400 - $600

When it starts trading, you'll get that 20% back straight away and I think a fair bit more.
After a few months, I'd be surprised if it wasn't at least 50% of AVZ's MC - around $1.5b

The ASIC is in the LOMP $1124, then Mike in a recent stock head interview said he hopes to shave 15% off that.

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Thanks RB. Appreciate it.

FFX Price at posting: 68.0¢ Sentiment: Buy Disclosure: Held
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