AZA anzon australia limited

up 7 percent today, page-8

  1. 9,447 Posts.
    Well, I've just read about this and clearly it's getting late for me because the numbers are doing my head in.

    Anzon had 50% and now has 40% So in fact they sold 20% of their individual holding. If they only sold 10% of their holding they would have 45% left.
    So Anzon got A$123M for 20% of its individual holding.
    So Anzon's future earnings from this field will reduce by 20%

    Same for BPT.

 
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Currently unlisted public company.

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