Liquidating dividend cost method

Broadly speaking, shipping is not an attractive business.

The industry is capital-intensive, deeply cyclical, and heavily commoditized. Wilhelmsen, on the other hand, has a knack for identifying and investing in specialized shipping niches that require differentiated vessels and deep operational expertise.

Because it operates through so many joint ventures and associates, Wilhelmsen’s income statement is reported via the proportional method.

For 2015, Wilhelmsen reported .31 billion in revenues, 5 million in adjusted EBITDA and 8 million in adjusted EBIT.

I’m back with what I believe is the best value idea I have dug up in some time, one I haven’t seen covered anywhere else.

I submitted it to Value Investors Club, but they didn’t like it.

The gross value of the Hyundai Glovis shares is currently 0 million, but Wilhelmsen’s 6 million cost basis in Hyundai Glovis does create a tax liability.

At the 27% tax rate, Treasure ASA’s tax liability in a sale of all Hyundai Glovis shares would be 1 million.

Wilhelmsen ASA is one of the world’s largest owners and operators of roll-on roll-off “roro” carriers, specialized ships designed to transport automobiles and other large equipment between continents.On the next page enter the ABOVE email address, click "SET MY OWN" and amount as 20, your name, message( part of the question) and delivery date (now) and CHECKOUT. You will be able to specify the question on the gift card page Enter your email address and question in the "Message" box. We apologize for the inconvenience, if you are not satisfied you can use the credit for another question in future. Important : Do not enter your email address in the "Recipient E-mail" field on next page but enter "[email protected]". Wilhselmsen’s activities are carried out through a series of joint ventures and associated companies.Wilhelmsen categorizes its business activities in two segments: shipping and logistics.

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