From the presentation, it is a great deal for NHR.
Effectively (from yesterday close price) it is NHR has got 47% of the Ned+ Capital goods sale business.
While the Ned is compress of 1.2 NHR+1 COA=$8.3 (yesterday close price); 47% of it is: $3.9
Attribute 10c for the capital sale business, it valued NHR at $4.
Of course, it is a very simple calculation. The company has different debt level. It might difficult to get exact value. But as a share holder, you have to love the private equity. They can pull multiple rabbits from a hat.
It did explain why Elph is willing to pay $3 per share for New NHR.
NHR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held