OMN 0.00% 97.0¢ onemarket limited

Thanks @friendlydwarves, really appreciate you updating...

  1. 76 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 !!!
 
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