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Considering the methodology in computing the carrying amounts ......
and to ensure an unbiased consideration of the shareholders in transferring the shares to LOCH the ratio needs to be same among all three....if not the people who transferred the shares need to give proper reasons
Considering the LOFC’s ratio (5.03)
Market price of LOFC should be 37.2
Market price of CLC should be 23034*5.03/6308876426=18.36
Market price of NIFL should be 1667*5.03/132189572=63.43
Considering the CLC’s ratio (21.5)
Market price of LOFC should be 21.5*17403/2351313562=159.13
Market price of CLC should be 78.5
Market price of NIFL should be 21.5*1667/132189572=271.13
Considering the NIFL’s ratio (39.65)
Market price of LOFC should be 39.65*17403/2351313562=293.46
Market price of CLC should be 39.65*23034/6308876426=144.76
Market price of NIFL should be 500
LOFC
Carrying amount of LOFC....17403 million
Number of carrying shares of LOFC....2351313562
Carrying value of LOFC per share....17403/2351313562=7.4
Reported NAV of LOFC per share....7.4
Ratio between the market amount and carrying amount.....87469/17403=5.03
The market amount is @ 37.2 per share
CLC
Carrying amount of CLC......23034 million
Number of carrying shares of CLC.......6308876426
Carrying value of CLC per share....23034/6308876426=3.65
Reported NAV of CLC per share....3.65
Ratio between the market amount and carrying amount.....495247/23034=21.5
The market amount is @ 78.5 per share
NIFL
Carrying amount of NIFL.....1667 million
Number of carrying shares of NIFL.....132180572
Carrying value of NIFL per share....1667/132189572=12.61
Reported NAV of NIFL per share....12.61
Ratio between the market amount and carrying amount.....66090/1667=39.65
The market amount is @ 500 per share
and to ensure an unbiased consideration of the shareholders in transferring the shares to LOCH the ratio needs to be same among all three....if not the people who transferred the shares need to give proper reasons
Considering the LOFC’s ratio (5.03)
Market price of LOFC should be 37.2
Market price of CLC should be 23034*5.03/6308876426=18.36
Market price of NIFL should be 1667*5.03/132189572=63.43
Considering the CLC’s ratio (21.5)
Market price of LOFC should be 21.5*17403/2351313562=159.13
Market price of CLC should be 78.5
Market price of NIFL should be 21.5*1667/132189572=271.13
Considering the NIFL’s ratio (39.65)
Market price of LOFC should be 39.65*17403/2351313562=293.46
Market price of CLC should be 39.65*23034/6308876426=144.76
Market price of NIFL should be 500
LOFC
Carrying amount of LOFC....17403 million
Number of carrying shares of LOFC....2351313562
Carrying value of LOFC per share....17403/2351313562=7.4
Reported NAV of LOFC per share....7.4
Ratio between the market amount and carrying amount.....87469/17403=5.03
The market amount is @ 37.2 per share
CLC
Carrying amount of CLC......23034 million
Number of carrying shares of CLC.......6308876426
Carrying value of CLC per share....23034/6308876426=3.65
Reported NAV of CLC per share....3.65
Ratio between the market amount and carrying amount.....495247/23034=21.5
The market amount is @ 78.5 per share
NIFL
Carrying amount of NIFL.....1667 million
Number of carrying shares of NIFL.....132180572
Carrying value of NIFL per share....1667/132189572=12.61
Reported NAV of NIFL per share....12.61
Ratio between the market amount and carrying amount.....66090/1667=39.65
The market amount is @ 500 per share
