GNX 0.00% 27.5¢ genex power limited

takeover Skip, page-198

  1. 663 Posts.
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    AFR said Genex will agree to non-exclusive access to Skip on the basis that there is another potential purchaser.

    Dataroom section of The Australian's Business Review section appears to be saying that several have looked and walked away on the grounds that they can't see how it is worth 23c.

    Hard to interpret the Australian's article because of the lack of factual analysis; as far as I understand it, from CY25 we are looking at around $90m/year income ($55m of which is inflation indexed annually) to service a debt of around $900m with (effectively) fixed interest rate of about 2.8% (i.e., $27m/year in interest payments)


 
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