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| Subject: Re: Hahaha 21/11/2002---interest savings notes.5733092 | |
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Author: (29,702) Hahaha correct--few notes here---Stevo. |
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Date Posted: 06:29:30 01/01/03 Wed In reply to: $9,735,000---Oct 1 's message, "Hahaha 21/11/2002---interest savings notes.5733092" on 05:48:50 01/01/03 Wed 2002-09-12 ASX-SIGNAL-G http://stocknessmonster.com/news-item?S=ERG&E=ASX&N=222869&P=D 1.3 Borrowing costs (29,702) (22,936) http://stocknessmonster.com/news-item?S=ERG&E=ASX&N=222869&P=D 7.9 Net operating cash flows (54,713) 7.17 Net investing cash flows (33,842) (126,744) (--editor---disposal of different assets---brought it down) 7.23 Net Financing Cash Flows 98,489 (5,542) (in the second half the 50 million from rights issue will be added here) During the year the company issued share capital to the value of $21.152 million as partial consideration for the acquisiton of the shares which the controlled entity did not already own in Proton World International SA. The purchase price also included a deferred cash settlement of $38.7 million. In addition, further shares were issued when unlisted convertible notes to the value o $7.178 million were converted into ordinary shares. The company also issued shares to the value of $1.43m in relation to the final dividend payment under a new Dividend Reinvestment Plan. The company also received a dividend to $0.79m from a third party in the form of shares. just you know who here--you must by now---anyway I don't care I'm just working all of this out--so if you happen to reading---good onya--I really don't give a stuff---I'm making money out of this thing.---when the unlisted notes were converted from the date that occurs it generates the interest saving straight away---another point is with the unlisted and listed---got to get all these dates togther---your payment is due on October the 1st for the notes--so if you agreed to convert before then---ERG didn't have to make the payment?--for you have received the shares instead---your getting additional dough for the difference between the share price and the note face value--this could have a ramification here anyway--so I'm just jotting these notes down to myself as a bit of mental reminder to check out later--don't take anything written as factual till I have time to do something better---just thoughts understand--the 50 mill from the the rights isuue being planned will go directly into operating profit under the chapter investing and financiang activities---it will have a real impact on profitability. Your deferred consideration was the contingent laibilty made non current---which means theyve borrowed in money then spun the debt out over a longer period of time--so essentailly it's like doing the minimum on your visa each month--instead of having to come up with the money in one hit-1.3 Borrowing costs (29,702) Hahaha correct--last year 29,702 paid in interest costs--they save all of this going forward---cause don't forget as wellas paying out the listed notes they are also either paying out the unlisted or in one case doing a deal to refinance them at lower interest and then spin it out for a further 5 years---so you have additional reflections coming back and improving profatibity on the cash flows--for you have to add as stated the unlisted side as well. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| Re: Hahaha 21/11/2002---interest savings notes.5733092 | little beauty asfar asI'm concerned.Monte Christo | 06:35:36 01/01/03 Wed |
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