OXX 0.00% 0.6¢ octanex limited

in specie special dividend., page-12

  1. 2,090 Posts.
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    Just a wild thought Camry and I have no idea really, however in years past I have speculated on Geoff's 'exit' strategy. It was one of the things that attracted me to OXX was the huge amount of 'skin' he had in the game. Lots saw his grip on the compamy as a negative, for me while there is downside I have always thought that there were more positives than negatives. I have joked on this forum that for my own 'exit strategy' I should be ok as he has more grey hair than me.
    I too am puzzled by this. The Sp Divi was obvious but this one less so.
    You mention takeover CUE? Would it be more likely the reverse? Considerable history and synergy with CUE. CUE has new broom. Maybe they like the look of Cornea, Winchester, the NZ portfolio etc. As I say lots of synergy. Even the Collins St address lol. Maybe just the bite CUE is looking for? Would not happen without Geoff's sanction of course.
    Does seem like a move to clean up the company and maximise value in some way. To what end?
    Pointed out many times that OXX trading at cash and near cash backing with no value given to its considerable assets.

    Just pondering and thinking out loud???
 
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