Golf Entertainment Group Inc (GLFE)

[Popper]

Projected dividend to be $1.04 for the 2 companies according to the news release on the company website (Page 8)

http://phx.corporate-ir.net/phoenix.zhtml?c=132209&p=irol-irhome

Targeted Economics of Our Two Businesses*
Excess MSRs(2) $ 258 mm Real Estate Debt( 6) $725 mm
New Residential(1) Newcastle Post-Spin
E e 58
New Excess MSR Transactions (3) $350 mm
Non-Agency RMBS(4) $200 mm
Less: Repo Debt ($60) mm
Investable (5) $92 ) Senior Housing (7) $65 mm
Less: Corporate Debt(8) ($112) mm
Cash mm
Investable ( 5) $92 Total Residential Value(9) $840 mm
Cash ) mm
Total Commercial Value(9) $770 mm
Targeted Net IRR(10) 14%
$115 mm(11)
Targeted Net IRR(10) 14%
$106 mm(11)
Assumed Dividend Yield(13) 7% 8% 9% 10% Assumed Dividend Yield(13) 7% 8% 9% 10%
Per share(12) $0.54 Per Share(12) $0.50
Implied price / share: $7.71 $6.75 $6.00 $5.40
Implied Market Cap. $1.6bn $1.4bn $1.3bn $1.1bn
Implied price / share: $7.14 $6.25 $5.56 $5.00
Implied Market Cap. $1.5bn $1.3bn $1.2bn $1.1bn

In edit, chart didn't paste as I had planned...I suggest everybody read the press release