imback :) "Cash flow after the ROIC is return will be split 85%...

imback

"Cash flow after the ROIC is return will be split 85% : 15% in IMF favour, even though they only (my emphasis) tipped in 25% of the capital. Seems like a very nicely leveraged deal as long as they keep having high success rates and the ROIC isn't too onerous."

IMF - Bentham tipped in 25% of the capital AND AUD$ 1,104.7 m 'USA & Canada matters' of the CASE INVESTMENT PORTFOLIO. i.e. "the entire offshore/US-Canada business" which they do charge directly for any quantified "goodwill"! Our only hope, as shareholders is the patient hope that the worth of the US business will be recouped in the second preference, ...over...time.

When a good deal, would have charged the PV , TODAY, for a substantial portion of the IMF business.

IMF-Bentham goes to great length to capitalise the intangible assets in Litigation in Contracts, but fails to recognise "Goodwill" in their own endeavour, which is what the intangible accounting statement largely goes to!

*** sighs ***

Oi Vey!