Interesting post sergeant
I could be wrong but I don't think the capital cost of an HHR takeover, by RR, is deductible for RR - ie this type of capital cost can't be offset against their taxable income, versus their negotiated farm-in capital costs which can be. For RR to get that deductibility any takeover would have to be via further agreed farmouts of all or part, I think. What could such terms look like - well not less than the 60% terms but also I believe HHR insiders all turned down their chance to partly sell down into the 4c bookbuild a while back. They all expected greater longer term returns down the track imo.
An immediate share price jump is appealing, but then I don't want too much upside given away either. It's a good quandary to have. Full steam ahead with our 40% but we have options - the ability to be nimble if we must, or if others make it enticing enough.
Can you mention where you picked up your RR £700m 2024 figure from ?
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Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $16.85M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $10.50K | 1.750M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 14415381 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 8291957 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 14415381 | 0.006 |
25 | 9377623 | 0.005 |
9 | 4684333 | 0.004 |
3 | 3800000 | 0.003 |
2 | 3500001 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 8291957 | 13 |
0.008 | 1775697 | 6 |
0.009 | 3600000 | 6 |
0.010 | 2650000 | 7 |
0.011 | 1020777 | 2 |
Last trade - 15.47pm 02/08/2024 (20 minute delay) ? |
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