OMN 0.00% 97.0¢ onemarket limited

Thanks @friendlydwarves, really appreciate you updating...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 84 Posts.
    lightbulb Created with Sketch. 19
    Thanks @friendlydwarves, really appreciate you updating everyone. Great news all around. Looks like they converted the currency back to $AUD at very good levels.

    Here was the calculations that OMN put out in the EM prior to delisting:

    LOWHIGH
    1
    231 DECEMBER 2019 NET ASSETS$95.6$95.6
    3
    4Estimated Wind Up Costs-$14.5-$14.5
    5Estimated Liability Reserve-$10.0-$5.0
    6
    7NET ASSETS$71.1$76.1
    8
    9Net Assets After Minority Interest$62.7$67.1
    10
    11- $USD per OMN share$0.603$0.646
    12
    13$AUD / USD$0.686$0.686
    14
    15- Initial $AUD OMN distribution$0.880$0.941
    16
    17Remaining Assets - $USD$10.0$5.0
    18$AUD / USD$0.686$0.686
    19- Residual $AUD OMN distribution$0.124$0.062
    20
    21TOTAL$1.003$1.003

    If I leave all the assumptions constant other than the AUD / USD it looks like they converted at an exchange rate of approximately $0.58 as set out below:

    LOWMIDHIGH
    1
    231 DECEMBER 2019 NET ASSETS$95.6$95.6$95.6
    3
    4Estimated Wind Up Costs-$14.5-$14.5-$14.5
    5Estimated Liability Reserve-$10.0-$7.5-$5.0
    6
    7NET ASSETS$71.1$73.6$76.1
    8
    9Net Assets After Minority Interest$62.7$64.9$67.1
    10
    11- $USD per OMN share$0.603$0.625$0.646
    12
    13$AUD / USD$0.580$0.580$0.580
    14
    15- Initial $AUD OMN distribution$1.040$1.077$1.113
    16
    17Remaining Assets - $USD$10.0$7.5$5.0
    18$AUD / USD$0.610$0.610$0.610
    19- Residual $AUD OMN distribution$0.139$0.104$0.070
    20
    21TOTAL ASSETS$1.179$1.181$1.183


    All feedback and comments on the cacluations greatly received !!!
 
watchlist Created with Sketch. Add OMN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.