KIM has 50% ownership and therefore is intitled to 50% of any profits if there are any to distribute.
This of course would be a few years away and profits would more than likely be used to grow or extinguish any debt. The real value to KIM is the fact that they held 50% at 30c a week ago and now that holding has risen to 50c per share. This is the profit that KIM has already achieved from this excercise. Not bad for a weeks work.
BDI will benefit from KIMs instant access to markets, infrastructure, experience, employees and goodwill. These are in my view invaluable to a newly listed venture as they give the whole deal real credibility.
A win-win senario. Now lets see them perform.
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