TSXV:KUR.H - Post by User
Post by
iceman20xxon Nov 29, 2007 11:14pm
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Post# 13892637
LOK worth $1.40 and UBS worth $1.25
LOK worth $1.40 and UBS worth $1.25I did some rough calculations based on opening bids. I can't see any errors. The stock should be worth a ton more.
Based on new OPENING bids look's spectrum is worth a Minimum of $275 Million. See opening bid values below. 175M for 40Mhz + 50% Look has about 60Mhz thats 275M (175M * 1.50). With approx. 185M fully diluted Look shares that's about $1.50+++ tax losses, tv distribution, etc...
UBS meanwhile has approx 125M fully diluted and 51% interest in Look. Means UBS is worth a minimum of 1.25+
Tier 2 areas if I selected right table the opening bid for a quebec + ontario region translates into 175M as a min. opening bids for 40MHZ. look has 50% more than this (100Mhz less 1/3 = 65MHZ for two communications) that works out to approx $275M for Look's spectrum value....
Annex 1 - Opening Bids
Tier 2 Service Areas
AWS Opening Bids for 40 MHz
Eastern Quebec $3,600,000
Southern Quebec $58,638,348
Eastern Ontario $10,350,000
Northern Quebec $160,000
Southern Ontario $100,300,308
Northern Ontario $2,400,000
Total $175,448,656