OEL otto energy limited

Ann: Otto Provides Update on Timetable for Return of Capital, page-26

  1. 9,437 Posts.
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    company has talked a big game but here we are seemingly no closer to a return after >12 months - SP reflecting markets reluctance to assume a positive result - delay seems to be the result of ATO asking for more information (pure speculation as the company is unwilling/unable to provide any context as to the delay in getting a result).

    should be worth a lot more if they a) get an ato result they are expecting and b) make it clear shareholders will receive a portion of FCF as the assets are run down …..

    Let’s see if the company bother to update shareholders in the quarterly due in the next couple of weeks ….
 
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