There is a bit of history with OVH posting a 'positive' announcement along with what could be described as a 'negative' one. Lateral Thinker is right in that there seems minimal material benefit that hasn't already been flagged however it does show OVH is still functioning OK which should at least keep IRESS happy. What is more concerning is that the Sargon receivables are at the mercy of a negotiated settlement with Taiping (and don't expect much generosity from them) otherwise protracted, and expensive legal proceedings. Who knows how this part of it will end up but at least there is a floor under the sp with the IRESS bid and there is still Thorney maneuvering in the background.
OVH Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held
