CGA 0.00% $1.00 contango asset management limited

Hence their statement "As a result of this material transaction,...

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  1. 335 Posts.
    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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