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- TLL - TIL Logisitics Group [was BIL - Bethunes Investments]
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Member
OK. Newby question...
on 26/10/17 there's a trading halt on BIL. TLL share price around the $2.54 mark. BUT suddenly the shares on TLL are around the $5 mark.
I get doled out my two pennorth of shares in TLL (because I hold Bethunes). I then discover I have paid $5.07 for the TLL.
On 7/12/17 Trading halt lifted and the shares go back down about $2.75
How does that work? Obviously it works to someone else's advantage, not the Bethunes shareholders! :-(
Last edited by Jerry; 10-12-2017 at 01:38 PM.
Reason: accuracy
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Jerry ......whatever has happened it seems $2.75 being Friday close is a pretty good price for something they thought was only $1.50.
Not a BIL/TLL shareholder
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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 Originally Posted by Jerry
Yes, and I would have been better pleased to pay $2.75 for them rather than be force-fed them at $5.07. 
How did you pay $5.07 for your TLL shares?
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Originally Posted by Jerry
OK. Newby question...
on 26/10/17 there's a trading halt on BIL. TLL share price around the $2.54 mark. BUT suddenly the shares on TLL are around the $5 mark.
I get doled out my two pennorth of shares in TLL (because I hold Bethunes). I then discover I have paid $5.07 for the TLL.
On 7/12/17 Trading halt lifted and the shares go back down about $2.75
How does that work? Obviously it works to someone else's advantage, not the Bethunes shareholders! :-(
Jerry, you were notified this was going to happen!
Originally Posted by hardt
115,060,279 Shares in BIL outstanding
$0.019 a share
254.19 to 1 consolidation translates to $4.83 per share
452,654 shares after consolidation for current BIL shareholders
73,000,000 shares will then be issued at around $1.50
Rest will be made up through banking facilities and wholesale investors.
Current BIL holders will end up owning 0.614% of Transport Investments which is valued at $200m.
=$2.186m current BIL
=$200m*0.00614
=$1.228m equity in TIL
=43.82% "premium"
I will most certainly not be a buyer of BIL... possibly Transport Investments though.
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Originally Posted by blackcap
How did you pay $5.07 for your TLL shares?
He must have bought BIL at 2 cents...
Last edited by hardt; 10-12-2017 at 07:46 PM.
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Member
Thank you Hardt, I see your post now. A very clear explanation.
Not unhappy to have shares in TLL, though there is not much detail in the Listing Profile as to give guidance on the intrinsic value of shares.
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Originally Posted by Jerry
Thank you Hardt, I see your post now. A very clear explanation.
Not unhappy to have shares in TLL, though there is not much detail in the Listing Profile as to give guidance on the intrinsic value of shares.
http://www.til.kiwi/uploads/FINAL%20...esentation.pdf
2 years have been forecast
Revenue growth at 1.8% CAGR
Earnings growth at 46.6% CAGR
Earnings Multiple
| TTM |
43.92 |
| FY18E |
26.29 |
| FY19E |
20.36 |
Dividend coming in FY19... at current mkt cap will yield 2.6%.
Last edited by hardt; 11-12-2017 at 07:45 AM.
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Originally Posted by hardt
F18 PE about the same as Mainfreight ......
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Markets often don’t like these sort of things - However, the full year result is expected to be below PFI, due to some headwinds and a few unanticipated operational factors not included in the PFI forecasts.
https://www.nzx.com/announcements/320563
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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