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19-03-2014, 05:30 PM
(19-03-2014, 04:57 PM)CityFarmer Wrote:(19-03-2014, 04:42 PM)greengiraffe Wrote: Quite obvious isn't it, RTO price is $0.0267 or $1.335 post 50-in-1 consolidation.
GG
(19-03-2014, 03:57 PM)cfa Wrote: Heavy selling on this one , down 15% . Maybe some misread the deal ?
The RTO price of $0.0267 per share, is the RTO premium for existing St. James shareholders. The existing entertainment business and asset will be transferred out, and be distributed to its shareholders. It will not be part of the newco i.e. PREH
From the info read, it should be the case.
(not vested)
Since that part of the business is loss making, will be conservative enough to factor in zero unless present holders are generous.
(not vested)