Hi Intuittion,Thanks, so as per your calculation buyer will save...

Hi Intuittion,

Thanks, so as per your calculation buyer will save $114m per year right?

At 5% they need to pay $3B x 5% = $150m per year to banks.

Let’s say EBITDA for FY 10 /11 is something between 300m – 350m (Provided no gas explosion in WA like this time and increased utility bill price)

Total no of shares issued ATM = 726.33M

So, earn per share (300 -150)/ 726.33 = 0.20c (With EBITDA 300m)

Or (350 -150)/ 726.33 = 0.275c (With EBITDA 350m)


For FY12, if EBITDA become $450m then

Earn per share will be (450-150)/ 726.33 = 41c

Please correct me if I am wrong, but buyers did definitely consider these figures before putting a bid (And remember BBP shortlisted few parties, some interested in parts & some for whole business).

40c is a reality just considering its earnings.

But considering (Asset + earnings) buyers need to consider paying at least 50c per share (Even in this market condition).


Above are just my views, please DYOR