Looks like I jumped the gun a bit there when mentioning FMS will receive cash in the process, I hadn’t thought that through properly before posting.
I agree gralia, the new entity receives the money raised and Flinders would probably hold a decent percentage of shares, which if they chose to sell would convert to cash.
If the new company goes well, they may increase the value of the stock held, so the spinoff may help realise the value of the assets. Still possible that FMS shareholders may receive free stock and/or options as an in specie distribution.
This happened to me when POL spun off SXG (received free SXG shares)
spinoff, page-39
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RHK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
82.5¢ |
Change
0.043(5.43%) |
Mkt cap ! $164.8M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 82.5¢ | 82.5¢ | $1.592K | 1.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 2100 | 1 |
View Market Depth
| Last trade - 12.30pm 06/09/2024 (20 minute delay) ? |
| RHK (ASX) Chart |