GJT 0.00% $2.69 galileo japan trust

Sorry , some adj to calculation :They will have to issue...

  1. 2,127 Posts.
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    Sorry , some adj to calculation :

    They will have to issue additional 333mln share (i have done mistake in previous calcs) to have 40% stake in equity;

    So with 500mln shares now + 333mln to be issued = 833mln shares

    The NTA value will be pre issue $260mln (NTA 0.52*500mln ) + 15mln coverted from debt to equity = $275mln

    So we will have NTA about 33c per share.

    And with upside on revaluation up and hopefully Forex rates will help us we could have good return;

    NTA Share Value
    Present 0.52 500,000,000 260,000,000
    Mez Lenders 0.045 333,333,333.0 15,000,000.0
    Possible Future 0.3300 833,333,333 275,000,000


 
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