Australia's largest stock trading and investment forum Australia's #1 stock forum

HTA

Click for more information

0.00%

2.6¢ hutchison telecommunications (australia) limited

Ann: VHA TPG Proposed Merger, page-56

First 56 Last

Share
Profile

Follow
bumskins

913 Posts.

19

02/09/18

15:20

Post #: 35357846
Share
Originally posted by Sojourner ↑

Agree with you, except my back of the envelope calculations has HTA valued at around 20c (based on TPG’s share price). How did you arrive at 28c?

My back of the envelope calculations are as follows:

Enterprise value of Merged Co at $15 billion is calculated with reference to TPG share price which at the time of merger was $6.29.

TPG’s share price is now $8.64, which is 37.4% higher at the time of transaction. That translates into a current enterprise value at the moment for Merged Co of about $20.6 billion.

HTA’s share of $20.6 billion is $5.15 billion.

There is $4.8 billion of debt that will not be included in Merged Co, but HTA would only have half of that at $2.4 bn.

So, HTA’s share of Merged Co at $5.15 bn minus its $2.4 bn share of VHA debt is $2.75bn.

$2.75 bn of Merged Co divided by HTA’s $13.572bn shares gives me a bit over 20c.

Would be interested to know how other people have approached valuing this.

Expand

TPM will strip out Singapore & pay a special dividend prior to the merger, so you would have to strip out. Hard to know what TPM's SP is pricing in.
HTA Price at posting: 13.5¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 5 more messages in this thread...

First 56 Last

Add HTA (ASX) to my watchlist

(20min delay)
Last 2.6¢		Change 0.000(0.00%)		Mkt cap ! $352.8M

Open	High	Low	Value	Volume
2.5¢	2.6¢	2.5¢	$65	2.534K

Buyers (Bids)

No.	Vol.	Price($)
3	82733	2.5¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	20135	1

View Market Depth

No.	Vol.	Price($)
1	80000	0.130
1	40000	0.125
2	58335	0.120
1	7826	0.115
2	60000	0.110

Price($)	Vol.	No.
0.135	30113	2
0.140	436128	7
0.145	61933	6
0.150	111885	6
0.155	68000	2

Last trade - 15.58pm 26/11/2024 (20 minute delay)

HTA (ASX) Chart