CNH 0.00% 7.4¢ china steel australia limited

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  1. 1,136 Posts.
    cheers Jenn... Not a silly question at all....

    I got my figures from my westpac site $0.16 with MC of $49Mil

    Did the old 49mil/.016... Whoops my mistake.... should have been 0.16.

    Re-did my sums and came up with an ever so slightly different figure of around 56% dilution... Damned decimal points got me in school every time.

    My bad.... Sorry.

    Still with an MC of $49mil and Financiers paying 30c per share... It gives me a reasonable level of confidence that they expect earnings to compensate their risk..... Although it does raise the question of any FIRB restrictions on the financiers... I might have to look into that.

    I guess the SP at the moment reflects that dilution and so now we would be awaiting on revenue numbers to start playing their role in the future of the company....

    NIce to see some traffic here after all...
 
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