WCL 0.00% 39.5¢ westside corporation limited

guess the offer price, page-24

  1. 285 Posts.
    lightbulb Created with Sketch. 37
    Im going to say its in the $0.55 - $0.58. Reason behind this is

    1. Current market cap - $137m
    2. So will need to pay approx $200m (approx 30% above mark cap)
    3. Approx 360m shares on offer
    4. Gives me a end figure in ball park of $0.56

    Remember that since the 65c offer WCL has increased in shares on offer by approx 50%. Maybe the figure at no. 2 should be higher (or lower!) but I think you could work out the % above the market cap of the first offer and then add some $$$ for the reserves upgrades and work it backwards from there.



 
watchlist Created with Sketch. Add WCL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.