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9.09%

1.2¢ otto energy limited

Ann: OTTO PROVIDES UPDATE ON TIMETABLE FOR RETURN OF CAPITAL, page-35

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Aji_tsuri

41 Posts.

2

14/03/24

14:57

Post #: 72886654
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Originally posted by camban: ↑

That’s what I think too. Imo it goes something like this: mgmt had another exit plan and parked the cap return paperwork to ATO in the interim while working on this, all the while retaining paid staff who would presumably continue under a new owner or $ benefit from a buyout transaction.

But then, for whatever reason, the final valuation premium simply wasn’t going to fly in terms of minority shareholder protections (i.e. for us). So mgmt has been forced to revert to the originally announced/still live cap return focus, while the acquirer (or their below-threshold proxies) is doing one of two things now - either offloading the stakes they had been quietly accumulating to fully walk away, or driving down the price now to buy more so that the deal is reheated and a final valuation premium looks more acceptable to us when finalised.

Just a wild guess, all imo, dyor.

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At least someone is quite happy to gobble them all up at 1.3c! I'll [vainly probably] hope that is a good sign!

OEL Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.001(9.09%)		Mkt cap ! $52.74M

Open	High	Low	Value	Volume
1.1¢	1.2¢	1.1¢	$9.85K	850K

Buyers (Bids)

No.	Vol.	Price($)
24	12018166	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	4015433	6

View Market Depth

No.	Vol.	Price($)
2	150567	0.012
25	12368166	0.011
3	2250000	0.010
1	100000	0.009
2	245123	0.008

Price($)	Vol.	No.
0.010	568	1
0.011	150000	1
0.012	4364423	8
0.013	15712591	19
0.014	8849735	13

Last trade - 16.10pm 18/07/2024 (20 minute delay)

OEL (ASX) Chart