Repap (RPAPF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Repap (RPAPF)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dennis Latchum who wrote (219)	8/10/1998 3:29:00 PM
From: scott	Read Replies (2) of 485

they have the following capital structure: first mortgage bonds - 9% - $200 US first mortgage bonds - FRN - $120 US second mortgage bonds - 10.625 - $350 US bank loan - revolver $97 CAD Convert- owned by enron $45 US total, @1.50 CAD/USD = $1.170 billion Canadian!!! the mill is worth between 1.2 and 1.4 which given they have 740 million shares o/s, this translates to a market value of their equity to be 4 cents to 31 c$ cents a share. as one can see with the huge amount of debt, this equity is highly levered to the price of the mill. therefore, the current market price is not out of line. i have used market transactions such as blandin and dryden as value benchmarks. imho scott

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next