Views,
The offer from Risco for OEL's 33% stake in Galoc equates to a headline price of 10c per OEL share.
The 6c mentioned is a proposed "Capital Return" of equity to be paid in cash to shareholders from that equivalent 10c/sh sale price.
The Divestment preso on page 8 under Right Price reads....
•Monetisation and maximisation of the value created by Otto at Galoc
•Price is at top-end of valuations and a 36% premium to the balance sheet value
•$0.10/share value of the headline price exceeds current share price by approximately 19%.
lets assume they don't get 90%+, page-11
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Last
86.0¢ |
Change
-0.060(6.52%) |
Mkt cap ! $196.1M | |||
| Open | High | Low | Value | Volume |
| 85.5¢ | 90.0¢ | 85.5¢ | $146.3K | 168.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 52516 | 86.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 15000 | 1 |
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