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
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $2.088K | 171.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 6391665 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 17418514 | 13 |
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| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| OEL (ASX) Chart |