RE:EVT Annual Distributionwouldn't think that high. assuming they pay out all dividends received, which they often do but are no means bound to clean out rdtoh account, i arrive at perhaps $7/share. that is:
$80 special from ELF on 386,000 direct ownership (indirect ELF via encando's div received can just sit there as not part of EVT's rdtoh)
plus say 1% on balance of non ELF holdings (approx 750mm worth)
against 5.585mm shares o/s
could be higher if div yield much above 1% on balance and encandos divs flow thru
how do you arrive at such a high number?
as for go private...modelled impact it would have on ELF's IFRS NAV and arrive at almost $100/sh (simply reduces spread between IFRS and "old GAAP" which accounts for reciprocal shares that would be retired instead of market at market).
this assumes:
would be a simple share exchange of approx 0.14 ELF for each EVT (ie jackmans simply convert their EVT to ELF to save some G&A but they are likely hesitant to do so as would cause ELF's IFRS NAV to pop)
big question is would be if there would be a cash component for EVT minority or would it be all stock?