TSX:DA.DB.A - Post by User
Post by
sculpin2on Dec 19, 2017 11:23am
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Post# 27187122
DA defence valuation & other asset valuation
DA defence valuation & other asset valuationWould like to get a good read on how discounted all of the heli and other assets would be in a restructuring.
The transfer of $60mm of secured debt out of for 74% of the equity of DADS will at least lower the amount of secured ahead of the DB's but at what price was this done - i.e. did they shift 100% of book value of assets over to Clairvest or was it more than book paid for the PP&E?
As well, how much is the remaining 26% of DADS worth with the new contract - is it $20mm or now much more $40mm - transfer of this could get rid of substantially more secured debt hopefully at a high multiple of book.
Therefore the remaining debt would be quite a bit less than the amount of book PP&E on the books from Great Slave, Tindi etc..
Anyone have an idea?