Replies to post #508359 on Mr Cooper Group Inc (COOP)

[Evintos]

Note: Preliminary Rough numbers

The biggest hurdle to any estimate is the amoount of non-Fortress NationStar shareholders electing to receive cash in lieu of WMIH shares. Assuming 100% of non-Fortress shareholders want shares and Fotress holders 50/50 cash/shares - then there will be an issuance of 1.117 billion shares to NationStar holders.


There are estimates on page 10 of the PowerPoint.


Approximately 447 million shares from Series B. So we're looking at roughly 1.565 billion shares not including current outstanding shares at 206 mil.

1.771 Billion outstanding shares.

[Evintos]

Rough numbers after dilution using NSM shareholder equity + deferred tax asset WMIH NOL at 21% + transaction debt - we're looking at roughly $1.188 PPS with an annual EPS (based off 2016 financials) of +$0.12 EPS

This is based off Fortress getting 50/50 shares/cash and non-Fortress NSM shareholders electing to receive 100% shares in addition to Series B dilution + current outstanding shares.

(1.771 Billion outstanding shares post dilution and share issuance)

Someone should double check my numbers.

At those numbers 1 share of NSM is worth roughly $15.18 post WMIH merger + dilution.

Note: Doesn't factor in growth, expansion, other mergers/acquisitions, etc.
Also note - based off 2016 financials. NSM 2017 annual financial results not released yet.