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if we take the previous Uganda deal as illustrative of the value in only one of TLW’s assets, TLW is seriously undervalued....
The deal assumed a 900M USD consideration (mixture of cash and deferred payment) for a c. 21.5 per cent interest in Uganda; TLW’s 33 percent stake is worth 1.4bn USD (as confirmed by CNOOC / Total etc).
And then there are the others!!!
Betaville have just picked this up
Trade date was Friday
Latest RNS
When are the full year results?
My base case remains this gets sold.
He’ll either restructure the debt, or sell his stake in Finablr presumably - which in effect would be a full sale of Finablr as his stake sale would trigger buyout of minorities.
Given BRS majority owns Finablr, sale of the shareholding would trigger a full takeover - according to code rules.
There is a Bloomberg article out saying that BRS has hired Houlihan.
’NMC Health Plc founder Bavaguthu Raghuram Shetty hired Houlihan Lokey Inc. to explore strategic options for his holding company, including a potential debt restructuring or the sale of some assets, according to people familiar with the matter.
The investment bank is working with BRS Ventures Investment to revamp debt and seek potential investment partners or sell assets from the portfolio, which holds 30 companies including hospital operator NMC and financial services firm Finablr Plc, according to the people’
https://www.bloomberg.com/news/articles/2020-02-20/nmc-founder-shetty-hires-houlihan-lokey-to-restructure-debt
That’s the one!
‘NMC Health Plc founder Bavaguthu Raghuram Shetty hired Houlihan Lokey Inc. to explore strategic options for his holding company, including a potential debt restructuring or the sale of some assets, according to people familiar with the matter.
The investment bank is working with BRS Ventures Investment to revamp debt and seek potential investment partners or sell assets from the portfolio, which holds 30 companies including hospital operator NMC and financial services firm Finablr Plc, according to the people.’
Bloomberg article out saying NMc parent has hired houlihan - anybody got access?
Latest RNS - up to 2.46 per cent
They’ve released their 8.3. Looks like they’ve added another c. 300k shares since Jan disclosure.