Global Data Centre Group (ASX: GDC) Unaudited NAV Announcement

Unaudited Net Asset Value Announcement

Global Data Centre Group (ASX: GDC) has released an estimated forecast of its net asset value (NAV) following its suspension from quotation by the ASX on 20 November 2024. The NAV is based on assumptions concerning the completion of the fund after its last asset sale, but various factors may lead to differing final values.

Financial Highlights

The estimated current cash net of borrowings stands at $9.6 million, translating to $0.12 per unit. The group anticipates receiving gross proceeds of approximately $123 million from its indirect investment in AirTrunk, estimated at $1.59 per unit. After accounting for tax liabilities and other costs, the unadjusted NAV figures at $133.78 million, or $1.73 per unit. Adjusted for wind down costs and performance fees, the forecasted adjusted NAV is estimated to be $120.06 million, or $1.55 per unit.

Executive Commentary

David Yuile, Managing Director of Lanrik Partners Pty Ltd, stated that the forecast reflects the complexities involved in finalising the fund’s assets. He emphasized the importance of accurate estimates in this transitional phase and reassured stakeholders about the ongoing management of the fund’s wind-down process.

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Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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