Maybe Nokia is pressuring them to buy at a higher price.
The HERE maps are carried on Balance Sheet at 2.2B. If sale at 3.2B there is approximate gain of $1.0B divided by outstanding shares of 3.74B resultant gain is approximately 27 cents per share. But this is only book-value, it remains to be seen what investors and synergies will read into this. Have a Blessed Day.
Thank you for taking time to share this thought. I agree, also ALU still has upside due to .55 of NOK. NOK is at $7.87. $7.87 times .55 = $4.32. Maybe more to come.
As analysts debate the merger of NOK and ALU could it be that each analyst and their respective companies have something to gain with their statements? Thus, " A Nickel under their shoe". Does anyone think that the fruition of the sale of the India plant and final determination of the potential HERE sale will move both stock PPS? Appreciate your thoughts. Have a Blessed Day.
Great observation Mr. French. For those who invested even dollars in ALU and NOK money is being made on 2:1 share holdings. What are your thoughts on share price of NOK with confirmation of sale of HERE and the India Plant? Will it be positive to NOK PPS?
Treasury stock were shares outstanding in the market. When the company buys back any of those outstanding shares it is a reduction to the Original issue of capital stock. i.e. if you report 2,000,000 shares outstanding then buy back 500,000 shares the net outstanding is 1,500,000. Therefore, 2,000,000 minus 500,000 (reported as negative because capital stock still is reported as 2,000,000; thus a net of 1,500,000. Hope this helps. Have a Blessed day.
Thank you, one of the more insightful posts today. Logical and realistic. Have a Blessed Day and thank you again.
Profitable growth appears to be the restructure and execution objective, while dividends can be a means to attract investments by additional fund managers (yield at 2.4%). Agreed that "sitting" on cash with a yield of less than 11% does not appear on the surface to be prudent, unless, there are opportunities that require time. Potential acquisitions might need to meet certain criteria such as elimination of associated debt and nonprofitable segments. Nokia does not want to take a step back from where they came. Future investments desired may be much greater than any of us know. Maybe there is a plan. Thank you for your time.