I am trying to work out all the bits and peices OCV still has.
Based on their report debt net of cash is $300 million before NZ and PIF liabilities
They still have
Gold coast properties
Child care real estate
Child care business
Interest in LLA
Interest in NZ
Interest in GPM
Management rights of PIF LLA and GPM gone or going.
Is Bale an asset of company and is there anything else that can be added to the list.
You would like to think that in the above there is at least 150 million plus of value.
If theoretically all cash was used to get rid of challenger and NAB it would leave note holders PIF and NZ to be dealt with.
All roads lead back to work out of PIF but IMO there is potential for value in OCV over longer period.
Any views on what a non stressed value for 35% of stella is?
OCV
octaviar limited
