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$1.00 contango asset management limited

Ann: Assignment of Contango MicroCap Limited mandate, page-14

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YodaObi

335 Posts.

20/10/17

14:08

Post #: 28067205
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Originally posted by YodaObi ↑

Hence their statement "As a result of this material transaction, the Company is also revising its cost structure to ensure an efficient operating platform."

For CGA shareholders - lets extend the monetization to get an indication of valuation for CGA.

CTN deal worth $6.7m to $12.5m to CGA.

CTN approx $200m. Rest of FUMA for CGA $400m.

But some of this $400m FUMA is co- branded retail, lower fee large cap and insto $. Be generous and assume they can be monetize at half the rate as the flagship CTN.

Then, rest of FUMA worth between $6.7m to $12.5m. As (400/200) divide by 2 equals one times.

Makes CGA worth $13.4 mill to $25 mill.

Or 28c per share to 53c a share?

Announcement did not specify conditions for max payment.

Mid point 40c. Rest of share price can be considered hot air?

Lets vote.

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"As a result of this material transaction, the Company is also revising its cost structure to ensure an efficient operating platform."
Renewed focus on mid caps and large caps. The small cap and micro cap team are out the door? What of the recent announcement regarding appointment of new small cap PM. Very short tenure?

CGA Price at posting: 85.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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