Not an accountant, but I had looked at the US$100.8 million of accumulated losses as at 31/12/23 as leading me to think ample losses before it could argued the distribution is a return of capital rather than a dividend. You could be right though and this would definitely lower my valuation of OEL if indeed part of the distribution ends up being a dividend.
Ann: OTTO PROVIDES UPDATE ON TIMETABLE FOR RETURN OF CAPITAL, page-53
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $7.091K | 559.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 8175428 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 6163449 | 5 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
1.2¢ |
Change
-0.001 ( 7.69 %) |
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| Open | High | Low | Volume | ||
| 1.2¢ | 1.2¢ | 1.2¢ | 1537 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| OEL (ASX) Chart |