below cash backing, page-10

the "newsletter" recommended both ELM and KRM yesterday

in a single company, it recommended OKJ

i grabbed what was on offer today under 20 cents, for a 17 cent average entry

below is my worksheet. i hope it is correct

if OKJ was wound up today (at ELM @$1.40, KRM @ $1.40 and EZA @ 20 cents), my calcs show it would return:

(1) capital return of 12.9 cents
(2) fully franked dividend of 12.7 cents
(3) franking credit of 5.4 cents
(4) total return = 31 cents

better still, if its shareholdings double in price, which is highly possible (EZA targeting 4.4 cents EPS), then the OKJ share price will triple from here