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I think some are confusing what KTRB meant by the cut off date.
I believe the reference was to the ex divi date, as yet unknown, for being a holder and benefit from a spin off.
And not the last chance to vote date.
I think you may have also misunderstood that this vote is not about an immediate demerger, just laying the groundwork for them. The vote is about agreeing to a change to the capital structure. IF the vote is in favour then they will go to court to ask permission for such a change. IF the court grants permission, then they will gain the ability to launch spinoffs. The successful elimination of those IFs could, in itself, affect the share price.
If and when the first spinoff goes ahead and successfully raises new money, I would expect the core SP to go up, because it would confirm and advertise the value, credibility, and imminence of further spinoffs.
I've already voted. II was quick off the mark.
Thanks all for explanation
I too would say you've misunderstood. Each of the non-core assets has been sitting in the company not really doing a whole lot and not adding any value at all for quite a while. Almost all effort, energy, resource has gone towards building the core business into the global leader it now is, just ready for the boom in demand for its services.
So hiving off the non-core assets does nothing to reduce the value and anticipated rapid expansion of the core business.
As separate entities the non-core assets can each get the time, expertise and resource they need to flourish. We're all fortunate that we'll get some of that for nothing. Others will have to buy-in to be part of those particular stories, each of which could be mega in its own right.
I think the share price WILL go down, but unfairly so. Exactly as you've said Bronxville - the current share price theoretically doesn't reflect the value of the spin off because it's an unvalued asset within Open Orphan, so when it gets spun off, the share price shouldn't budge. But more likely it will fall temporarily because new shareholders realise they're missing out on the spin off. I guess it should then correct once company results prove that the spin off hasn't affected profit/operation etc.
Yakya..imho the share price is well supported by current revenue..
Nobody even knew of this Influenza drug existed until a couple of weeks ago.
Imutex might be factored in to the current share price but marginally again imho..
i would say you've misunderstood, GL
Once we demerge and get shares in new company presumably OO sp will go down accordingly? Is this correct or have i misunderstood things??
Hi Squirrel,
Just had a email from Hargreaves Lansdown saying cut off point is noon on 26.4.21.
Good luck.
The cut off time is the 27th April,
Correct Shandy on both points.
Spin aim is to ADD value not transfer it - that's what a few can't quite grasp.
How much addition is up to the skills of the team.
DIM aim is to start a NEW revenue stream with high GP for a full multiple valuation - getting to CF's target.
the spin off will take time and their value is unclear. Many just want a quick win and will move on - the herd will return in time. DIM will be massive when contracts start getting announced - amounts may not be too exciting on their own but it's recurring revenue not an one off fee
wont the cut off date be say the 29th apr, if later say 17th may or whatever what is the point of this vote if you can still buy in and get the perk, i know another covid share did it different unless i missing something.
Nothing is nailed on..
You want to buy Tesla or Bitcoin go ahead.
What we have in Open Orphan (Hvivo) is a sector that had been under invested in for decades.
Open Orphan is in the thick of things and the barriers to entry are very high.
Everything in life is a gamble and imho OO is one of the safer bets.
The cut of date is unknown at present, so no FOMO effect
if this is a nailed on free money route (on demerger) why has the daily volume not reached the stars as everybody would want to pile in ?