October---25/11 15.5--14.944452314---15c" on 15:46:44 -- ERG trade data forum

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Date Posted: 10:42:07 02/23/03 Sun
Author: At the lowest point of 15.5
Subject: October---25/11 15.5--14.944452314---15c" on 15:46:44
In reply to: HERE IT IS 's message, "YOU WANT SHARE PRICE ANALYSIS? 14.5" on 19:15:46 02/20/03 Thu

From: bonkers
Subject: Re: ERG---AGM 28/11---some pricing analysis Early October----26/11/2002 vwap 16
This is the only article in this thread
View: Original Format
Newsgroups: aus.invest
Date: 2002-11-25 16:15:53 PST

Early October.
At the lowest point of 15.5--this would work out to be 41,486,967
times 40c---equalling 16,594,78680 if ERG has paid them already and
the entity has overshot it's budget--ie one of two things happened on
October 1st---either ERG paid the noteholders the interest
payment---or the noteholders agreed at some date--either then or by
October the 15th to become shareholders.
All up the noteholders have to get back 22.8 mill---so to subtract
16,594,7860 from 22.8 leaves 6.2 mill rounded---therefore if they are
now shareholders and they intended to sell (I don't think they
will--as Motorola for one is not in financial difficulty anymore--and
the other two are alliance partners and have a long term vision)---if
they did though--the equation works out at a minimum price of
14.944452314---15c rounded---with the share price having recently been
15.5---not many went through at 15.5---unless it was an off market
transaction (ie a crossing) and it is not recorded till later
ERG ERG Ltd FPO 22/11/2002
------------------------------------------------------------
Total Trades Total Volume Last Trade V.W.A.P*
246 6,911,945 16 15.6
------------------------------------------------------------
25/11/2002
-----------------------------------------------------------
ERG ERG Ltd FPO
-----------------------------------------------------------
Total Trades Total Volume Last Trade V.W.A.P*
158 3,451,116 15.5 15.9
-----------------------------------------------------------
Today the 26/11/2002
In reply to: anonymous 's message, "Re: Some pricing analysis--Early
October---25/11 15.5--14.944452314---15c" on 15:46:44 11/25/02 Mon

--------------------------------------------------------------------------------
Total Trades Total Volume Last Trade V.W.A.P*
29 565,447 16.5 16
-----------------------------------------------------------

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Replies:

Re: YOU WANT SHARE PRICE ANALYSIS? 14.5 -- RE: 9.20 divisable 2 ----14.375 - establish - 2/10/02, 10:47:36 02/23/03 Sun