The market certainly does not like this from a SOL perspective... I think they should just do what they do best - I certainly don't think the Milner's know what they are doing - This isn't a mining company. They have made a lot of mistakes recently in my opinion. The Aeris deal can no longer be seen as a great deal. They sold Round Oak for $240 million but only got just over $60 million in cash. Then they had this pile of shares which is now worth $24095238. So in fact they sold Round Oak for under $90 Million.
Bridgeport's ( Part of NHC) operations - I always remember after tax losses for many years - maybe profitable now. Then URB that wasn't that great.
Around 2007 somewhere their they bought back a small Private equity thing they had a stake in Souls Private Equity was absorbed into SO. Then the Convertible notes had no limited upside on conversion and wacked NHC. - Not a failure but a simple conversion limit would not have had them paying so much to buy them back. Last is the Vodafone TPG investment - should have followed Teoh in selling this down.
So whilst I think they are good I am not that sure that this makes sense and as they keep selling off listed investments acquired from MLT it makes less sense. They have now realised a whole huge CGT tax cost ever since acquiring them.
- Forums
- ASX - By Stock
- Ann: Non-binding indicative proposal to acquire Perpetual
The market certainly does not like this from a SOL...
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SOL (ASX) to my watchlist
|
|||||
Last
$34.90 |
Change
0.380(1.10%) |
Mkt cap ! $12.58B |
Open | High | Low | Value | Volume |
$34.99 | $34.99 | $34.84 | $2.846M | 82.02K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 530 | $34.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.90 | 33 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 269 | 34.850 |
2 | 135 | 34.840 |
4 | 260 | 34.830 |
3 | 217 | 34.820 |
3 | 240 | 34.810 |
Price($) | Vol. | No. |
---|---|---|
34.880 | 397 | 7 |
34.890 | 36 | 2 |
34.900 | 548 | 2 |
34.910 | 126 | 3 |
34.920 | 133 | 2 |
Last trade - 11.55am 16/08/2024 (20 minute delay) ? |
Featured News
SOL (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online