I really love your work. Thanks for the time and intellect you have put in and for posting.
A couple of quick things for my education.
Total future revenues based on the sum of Lines 5 & 7 is $1,022.7m ($822m + $200.7m)
By comparison total property receipts to shareholders based on Lines 16 & 17 is $1,007.9m a difference of $14.8m. I can not reconcile Line 23 "Other Liabilities" and suspect this may be where the difference is. Is there something else I am missing ??????.
Also is your per share analysis in Lines 26 & 27 based on grossed issued capital of 136.9m shares or net issued capital of 133.2m shares noting that the Treasury shares appear to qualify for dividends and franking credits.
Again a big vote of thanks for your robust analysis
DYOR IMO
Clare
SDG Price at posting:
$2.45 Sentiment: Buy Disclosure: Held
