If you look at SOL's Balance sheet in the half year it states that Cash and cash equivalents are $519 million. However, they are in pockets so NHC actually has $353 million in cash. I have not checked how they consolidate NHC so that may well mean that they take the whole amount into the balance sheet and then put the 50% under minority interests in equity.
I suspect that is correct so around $166 million is theirs then add the building they sold $100 million less tax etc.
Probably do have around $1.00 per share in cash they have total control over...
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$32.97 |
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1 | 4429 | 26.870 |
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4 | 13889 | 26.820 |
1 | 153 | 26.810 |
Price($) | Vol. | No. |
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26.950 | 4947 | 1 |
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