These are covered the terms of the agreement with the purchaser assuming $5m in liabilities and covering other stranded costs.
Dont forget they have another $2m in term deposits to cover bank guarantees that may no longer be needed. This is not included in their 'cash' balance. Plus another 3 months profit since last report.
After paying out the dividend (4.3c grossed up) they should still have net cash of $18m or almost 17cps.
Existing businesses are clearly worth something. Their billing platform is leased to vodaphone for 3 years for starters. Amazing value at current price.
These are covered the terms of the agreement with the purchaser...
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$11.20 |
Change
-0.060(0.53%) |
Mkt cap ! $127.0M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | $11.17 |
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| Price($) | Vol. | No. |
|---|---|---|
| $11.30 | 679 | 1 |
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