Originally Posted by
Silverlight
Doyle I think your analysis is fine at the start of the acquisition, but Grant Thornton valuing at 56 cents in the dollar makes 400m loan book worth 224m.
ALF's announcement from 28 May showed they now only value the book at $124m. So GT's estinmate is way high, unless you still thinks this estimate is good? ie the assets will be revalued upwards by 100m?
On 9 June (page 16 of this thread) I estimated 3.725 cents per share, based on the current financials and the future weighting of the 500m shares still to be issued under the bonus securities.