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Nautilus Marine Share Chat (NAUT)

Share Price: 5.50Bid: 5.00Ask: 6.00Change: -0.25 (-4.35%)Faller - Nautilus Marine
Spread: 1.00Spread as %: 20.00%Open: 5.75High: 5.75Low: 5.50Yesterday’s Close: 5.75

Share Discussion for Nautilus Marine

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Posts: 1,131
Premium Chat Member
Opinion:No Opinion
Well worth a punt
11 Jan '19
The deal today makes a huge difference. The company has plenty of cash and some assets but this was balanced by the long term debt. That is shown on the balance sheet. A lot of that debt was retired today so the company still have the cash and assets but now a lot less debt. The company had to issue new equity but at a huge premium. So the company value has increased by 6 million...,at least on paper. The company will book a huge gain on the yearly results. Say you have 10 million in the bank but you owe 10 million to a second bank. You have nothing in total. The second bank say to you give us 4 million in full settlement of your debt. You pay them in full,,,,you now have assets of 6 million. Very unlikely but maybe the company involved here made a huge profit last year. They have now made a big loss on this investment....offset against tax in a profitable year.

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