BPH 5.26% 1.8¢ bph energy ltd

re value of spin off mds, page-2

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    The MDS spinoff is supposed to be an approximately $50 million float.

    Each BPH shareholder will receive 1 share in MDS for each BPH share held.

    Under the MDS Systems IPO there will be 11,500,000 new shares issued at 20 cents each raising $2.3 million representing 4.57% of issued capital. BPH will retain 19.09% and BPH shareholders will have the remaining 76.34% of shares.

    Therefore, if MDS Systems holds its value on floating ( no timetable has been set ) then as a BPH shareholder you will have realised 20 cents per share of value plus still have your BPH shareholding with exposure to Advent which could be anything. All this for 13 cents yesterday.

    Seems too good to be true. Hope not !
 
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