OVH onevue holdings limited

Think they have paused as settlement to happen as planned and...

  1. 1,019 Posts.
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    Think they have paused as settlement to happen as planned and completion to be transformational to the business - with a 2.19c div, $5m debt paid off and $26m net cash proceeds added to existing cash (approx $14m) resulting in $40m cash, an $8m contingent receivable from sale after 12mths on a $109m mkt cap company. The fact that they believe it is going to happen would be material to the share price and warrant a pause so it can be subsequently announced together with the impact (and maybe an updated investor presentation). There are a lot of loose ends in selling a trustee business. In my opinion they are better off without it and all the risk a trustee business entails. Will find out soon enough..
    Last edited by cyprus: 27/06/19
 
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