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$4.93 tribune resources limited

Ann: NST: Northern Star makes $150M offer for 49% stake in EKJV, page-23

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worzel1

1,107 Posts.

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14/11/18

09:03

Post #: 36494811
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Originally posted by thekanenator ↑

The offer to RND/TBR shareholders is more than generous considering the current value of the companies:

TBR - $262m
RND - $146m
Total - $408m

Value of offer is $150m which is more than generous at 36% of the value of these companies combined. After all, NST are all ready running the JV and covering the costs. RND/TBR are essentially getting a free ride.

In my opinion, NST should only be offering $65m for RND/TBR stake in the JV which would equate to 16% of the current value of RND/TBR which in my opinion are massively overpriced at current market valuation.

As I said, this offer should be voted in the affirmative as it is a great offer.

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I think you'll find TBR/RND are paying their share of the costs. The basis of your calculation doesn't make much sense. It would be like me offering you $3 for your NST shares as they are far more over priced, and it would be a "great offer".

TBR Price at posting: $5.25 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $4.93		Change 0.000(0.00%)		Mkt cap ! $230.8M

Open	High	Low	Value	Volume
$5.00	$5.00	$4.93	$8.398K	1.69K

Buyers (Bids)

No.	Vol.	Price($)
2	462	$4.93

Sellers (Offers)

Price($)	Vol.	No.
$5.00	4864	4

View Market Depth

No.	Vol.	Price($)
1	1100	4.850
1	2079	4.800
2	2250	4.600
1	538	4.500
1	550	4.310

Price($)	Vol.	No.
4.960	1	1
4.970	2	1
5.120	1000	1
5.200	200	1
5.500	100	1

Last trade - 16.10pm 22/11/2024 (20 minute delay)

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