Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

18 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

LSG, LION SELECTION GROUP LIMITED
stefoid
post Posted: Apr 17 2007, 04:29 PM
  Quote Post


Posts: 122


In reply to: polecat on Tuesday 17/04/07 04:22pm

post-tax NTA currently is around $2.12, so ....

 
polecat
post Posted: Apr 17 2007, 04:22 PM
  Quote Post


Posts: 131
Thanks: 3


In reply to: polecat on Friday 13/04/07 01:15pm

No need for back of envelope calc's, the market has suggested LSG was a bit undervalued as the merger with AUS (on deferred basis) listed today as "LST" ending the day at 1.75 rising over 7% from its close yesterday at 1.66.
AND with the few free LSTO options also thrown in, opening at 40c, provided a bit more profit to boot!

 
polecat
post Posted: Apr 13 2007, 01:15 PM
  Quote Post


Posts: 131
Thanks: 3


I am going to do some back of envlope calc's on the weekend - as it is pretty clear that most of the companies that LSG have holdings in have gone up much greater than 10% (look at VRE, HAV and AGM) over the past three weeks meanwhile LSG has gone up by about 5% (from its recent lows).

I added some more at 1.63 this week with anticipation of a re-rating after the merger with AUS occurs next week.

 
stefoid
post Posted: Feb 3 2007, 09:49 PM
  Quote Post


Posts: 122


In reply to: wolverine on Friday 02/02/07 07:43pm

well, I guess the short story without numbers is that the pricing is based on pre-tax NTA, and currently AUS is at a bigger discount to its pre-tax NTA than LSG

 
wolverine
post Posted: Feb 2 2007, 07:43 PM
  Quote Post


Posts: 10,059
Thanks: 878


In reply to: stefoid on Friday 02/02/07 03:32pm

stefoid i think you need to make an allowance for the AUS options LSG holds by subtracting it from the NTA (and also subtract the performance fee). perhaps this will narrow the apparent mismatch in pricing.

i think the NTA is calculated based on the NTA value for the 5 days b4 the "calculation date".

whether it all adds up at the end beats me as i am too tired to work out the numbers.



--------------------
TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
stefoid
post Posted: Feb 2 2007, 02:32 PM
  Quote Post


Posts: 122


can someone fault my logic.

the merger shceme announced. you get one new lion share for every curent lion share you own, plus a small amount of options.

but AUS holders get :

current AUS holding x pre-tax NTA
--------------------------------
lion pre-tax NTA

givent he dec 31st pre-tax NTAs announced....

LSG = 2.05 - 10 cent divie (went ex-div last week) = 1.95
AUS = 1.50

So if you have $10K to invest, you can get yourself 10000/1.73 = 5780 LSG shares today which will mean you get 5780 new lion shares plus some options

but if you bought $10K of AUS at $1.21 you would get 8264 AUS shares, which would entitle you to 8264x1.51/1.95 = 6400 new lions shares!!!!

$10K to invest. one way gets you 5780 shares, the other 6400 shares.


 


stefoid
post Posted: Jan 22 2007, 09:35 AM
  Quote Post


Posts: 122


Is this stock not sexy enough?

Cant believe there is so little chat about LSG on this board. Near term drivers are gold price (obviously), a tax-free 10 cent dividend coming up, and a merger with AUS to make it big and liquid enough to appeal to the instos.

LSG has a bunch of cash that is burning a hole in their pockets - they arent merging with AUS just for the size - they obviously have a target in mind for their warchest that doesnt meet PDF criteria. In their own words, they want to cash in quick on the last crazy leg of the boom while they still can.

sp just grinding up...

 
wolverine
post Posted: Dec 31 2006, 05:23 PM
  Quote Post


Posts: 10,059
Thanks: 878


and here it is.....

The formation of a merged company through joint Schemes of Arrangement would enable Lion
shareholders to lock in the share price at the time of merger as a new cost base.




--------------------
TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
wolverine
post Posted: Dec 31 2006, 05:20 PM
  Quote Post


Posts: 10,059
Thanks: 878


In reply to: polly on Sunday 31/12/06 02:00pm

hi polly

there was something in the releases about the CGT base when/if they give up the PDF status.

from memory the CGT base will be based on the price at or around that date.

i'll have a quick read again and see if i can find it.



--------------------
TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
polly
post Posted: Dec 31 2006, 01:00 PM
  Quote Post


Posts: 78
Thanks: 2


In reply to: farmer fred on Friday 08/12/06 11:29am


When LSG ceases to be PDF is a share price flagged from which point CGT accrues?

 
 


18 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING