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31.5¢ onterran limited

Nice. As expected, a new fund onboard. Had suspected it was HHL...

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Anton Chigurh

13,097 Posts.

236

11/02/16

17:33

Post #: 16997991
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Originally posted by heraclitus ↑

I would say a dividend is several qtrs off yet, maybe longer. The coy has been through a major transformation and still need to bolt-down the new acquisition, along with rebranding of the old biz. They've also flagged coming in at the lower end of guidance.Lastly, i think for now, any surplus capital will be reserved for strategic acquisitions.

The trading has been interesting the last few months and a bit of volume changing hands in the mid-6s. I wouldn't be surprised to see a boutique fund pop-up with a 5% notice. There may still be some overhang from the 5c placement last year but buying in the 6s would not be a demanding price to pay for a fund with a MT view.

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Nice. As expected, a new fund onboard.

Had suspected it was HHL after reading their write-up on OTR a few months back.

OTR Price at posting: 6.5¢ Sentiment: None Disclosure: Not Held
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