inspirator schreef op 14 april 2014 07:49:
Fiscal Year 2013 Results Autonavi
Revenues
Total net revenues in fiscal year 2013 were $141.7 million, compared to $159.7 million in fiscal year 2012.
overnamepremie Autonavi:
Pursuant to the merger agreement, upon completion of the acquisition, the shareholders of the Company will receive US$5.25 in cash per ordinary share (a "Share") or US$21.00 in cash per American depositary share (an "ADS") of the Company. The price represents a premium of 27.0% over the Company's closing price of US$16.54 per ADS on February 7, 2014, the last trading day prior to February 10, 2014, the date that the Company announced it had received a "going private" proposal from Alibaba, and a premium of 38.5% and 39.8% to the volume-weighted average price of the Company's ADSs during the 30 and 60 trading days prior to February 10, 2014, respectively. The transaction, which currently is expected to close in the third quarter of 2014, values AutoNavi's equity at approximately US$1.5 billion on an as converted and fully diluted basis.
Autonavi waardering op basis van overname 10,7 x omzet.
Waarde TomTom 10,7 x omzet 963 miljoen euro = 10,3 miljard
waarde per aandeel TomTom 46,8 euro per aandeel !
30 euro per aandeel TomTom is onderwaardering voor TomTom !