Hi MF, Having a bit of a struggle getting my mind around a possible 50c if ccd comes thru. Happy to be corrected if I am wrong.
CCD has about 250mill shares 10% of that about 25 mill. ORD about 470 mill. 40c profit a share for ORD, would imply a profit on the option of $190mill? Or about $7 to $8 increase, per share, for CCD after the takeover, if it comes off of course?
All figures a bit rough and ready.
VAN Price at posting:
7.9¢ Sentiment: Hold Disclosure: Held
