RE: Okay27 Dec 2017 19:07
Thelix, re Halifax, I'm not sure how they can get away with that if you owned OXP stock. I believe the buck would lie with your broker more than the Co for that.
The demerger is an odd one. At the time it was akin to holding up the white flag, and frankly the future for the OXP staple seemed (to me) quite bleak, and I for one saw positives in that they were at least safeguarding the cash and had perhaps more lucrative ideas in mind (perhaps with nudges from major shareholders in their ears).
Then, the positive news came at the end of last month, and it began to look more promising for the old OXP portfolio. Will the end game be a buy out of the now private OPL at vast premiums down the line, without the burden of AIM costs (listing, NOMADS) etc to contend with during further development, and commercialisation / partnership endeavors? I don't know. OTs theory sounds very plausible, and could certainly be an option.
Either way, new investors are now getting into a debt-free shell trading at a discount to cash, with a significant sum of capital to put to work. The majority of such vehicles trade at huge multiples to cash on AIM, and any sort of investment in a remotely "hot sector" could see this do multiples from current levels. And old OXP holders who believe in the story soon have shares in a private company developing the product portfolio away from the spotlight, with the upside potential of commercialising, being sold or re-listing at a later date for much more than the miniscule valuation it has been assigned at the demerger. IMO. GLA.