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Once partners V has $625m allocated for the two acquisitions, with additional funding available if $340m + $225m
So They have $1.2b available to use.
Thats from onexs interims released last week.
It's all about taking a position, and I believe next few weeks will be significant.
RNS from 24 Apr 2024
Update on proposed sale of Accredited - Summary:
✅ R&Q secured lender approval for the sale of Accredited to Onex Corporation.
✅ Regulatory approvals are ongoing, with some already received.
✅ The sale is still expected to close in Q2 2024.
✅ Up Agreement reached with lenders, outlining terms for debt restructuring, sale consent, and use of proceeds.
✅ Discussions with regulators are ongoing, with some approvals already granted.
✅ R&Q is still exploring options to maximise value from its legacy insurance business.
That was an article from 2019
With a bit of positive news this will climb back 5s very quickly! Easy few bags for sure from these levels!
Onex appears to be in a spending spree mood !
https://www.lakecountrycalendar.com/news/onex-signs-agreement-to-buy-westjet-in-deal-valued-at-5b-including-debt-3457850
The sale will rejuvenate the SP I would hope. The news flow will be significant in the short-term if previous statements about timings come to fruition.
Yep it’s dodo time for this one
That was 5 months ago @ disco, it looks like a falling knife for now
Not far behind you pal bargain at these prices
Last chance to fill your boots. Only a couple of weeks ago, this was trading at 10p, then dropped to a solid 3p before panic selling by newbies drove it below 3p in pursuit of quick gains. I'm buying in small chunks to build up my holding to over 30k now.
Who dares, wins!
Snorlax - Get a life posting utter nonsense comments when you’re not even invested 😂 keep your lights on before going to sleep 🤡
Otherwise you might scare the poor sheep 😂
Proceeds from any sale (not guaranteed) will go against offsetting the enormous amounts of debt, how are people still ramping this! This has doomsday written all over it!
The sale is due soon according to recent RNSs and also hints from ONEX's statement last week. I intend to build my position here in the coming days and weeks ahead of the bounce.
Please can we stop discussing other shares here. It just bring confusion to the board.
Hmm, yeah. Probably down! They've applied to the FCA to de-list (8th May RNS) and SP is already 100% above the low that ensued...
This is worth a look octp could move
It’s well and truly shaken out anyone who wants out before the asset sales complete, while preventing anyone from wanting to come on board for the unknown journey that leads off the edge of the cliff or in to the promised land.
Just awaiting the sale to go through. The ONEX release last week and other recent updates all suggest it is progressing well. It is still forecast to complete in Q2 according to the public info I have seen. I think there will be a significant rise in SP upon completion. I think some people are selling due to impatience and will hopefully buy back in when the news flows in.
What is truly going on with this!!!
Are you on crack? Who are the boiler room rampers? You 🤡
Onex raises $1.8-billion for funds in first quarter
https://www.theglobeandmail.com/business/article-onex-raises-18-billion-for-funds-in-first-quarter/
Most of the boiler room ramping crew have cleared off, they suckered you in and are now short selling this to pittance for when the inevitable happens (bust). Those still ramping are just bag holders.
Period.!!!
And then the alarm clock rings!!