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RealDutch

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RealDutch

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Re: ValueInvestor01 post# 147861

Friday, 10/26/2018 4:49:49 AM

Friday, October 26, 2018 4:49:49 AM

Post# of 163719
Because the $3.40645 value per TRW share they are using for the distribution is based on Q3/2016, the carve-out date. At the time, SIAF owned 36.6% or 36.6M TRW shares for a total of $124.67M. That was the investment at cost which SIAF booked at the time. They are distributing half, or 18.3M shares, or $62.3M.

Since that time, TRW has made money. SIAF received its fair share of profit, 36.6%. So the investment at cost now for SIAF, as of Q2/2018 is $141,999,564. Almost $18M more.

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