So, this is a complicated picture but, to cut a long story short, we are closer to the point at which assets held by Origo, such as China Rice and Kincora, will start to be sold-off. All an investor has to do is work out if the collection of assets are worth more than the 7.2p per share they currently have to pay (also taking into account the preference shareholders' prior claim on some of any cash realised under certain circumstances). Given the brutality of asset revaluations of assets in this and other China-focused portfolios in recent years, I'd suggest that there is room for comfort here. In addition, the recent relaxation of foreign ownership rules and the fact that the SHCOMP is up 20% from recent lows, should all give more confidence. This is probably a fantastic buy for a retail investor willing to risk a few hundred quid...Of course, if I had the evidence to demonstrate that it's a fantastic buy, the share price wouldn't be down where it is. DYOR, etc. etc.
I think the Origo you arre talking about is a new private company. This Origo on this page specialises only in Far East Asian equity, mainly Chinese and Mongolian. If only it were true that this Origo received that money..... Cheers GLA
we need someone to come in and clean up the capital structure here to free things up. the pref shares really get in the way of the market being able to see value in the ords... with the benefit of hindsight, the decision to issue them was a bad strategic error on the part of management.
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