Member Info for Jose83

I’m genuinely surprised by this valuation. The company holds $248.7 million in cash and an additional $295 million stake in Seaport (based on today’s price of $17.67), yet its current market capitalisation stands at just $407 million. This suggests the market is pricing in a failure of both Celea and Gallop, effectively discounting more than $130 million along with the royalty streams from Karuna and potentially from Seaport.

Is it possible they are only declaring bankruptcy in the US? Hertz did that in the past and the share price rebounded

Hi all,

I must be the only one still holding shares at Menzies. I missed the deadline and now the company has been delisted. Anybody knows what happens next? Agility is still buying my stocks (Sell-out rights)? Many thanks in advance and congratulations to all shareholders that made some profit with this company.