Origo Partners Share Discussion Threads

[zcaprd7] 07/10/2016 13:33

They don't. They get a share of the net divestment, on a par with ordinary shareholders, per the new agree... Which is after running costs, I assume...

[russman] 07/10/2016 10:48

Where does it say that the Zdps have to contribute to the operating costs of the company.

[zcaprd7] 06/10/2016 19:09

Surely the zdps and the ordinary shareholders divestment monies, is distributed after operating costs...

[russman] 06/10/2016 17:43

If opp sell an investment; most of it goes to the ZDPs. Either the Directors lend a lifeboat or opp have to raise equity.

[zcaprd7] 06/10/2016 09:33

Sigmaroc might come good though. Looks like they've opened up the spread again here. Need some news on funding really, or a divestment... The loan book has quite a lot of money falling due this financial year? Do they covert these loans to equity each time?

[zcaprd7] 03/10/2016 09:41

Damn. Should have put my money in St Peters ports...

[zcaprd7] 30/9/2016 13:28

Nav currently 5.4p a share... Under the old regime.

[zcaprd7] 30/9/2016 10:34

Last thing to sort :Consequently, we remain cautious about the prospects for achieving divestments in the short term and the Company's cash resources remain limited. Accordingly, and as previously announced, the Board is exploring a number of possible options to secure additional working capital for Origo. Following the acceptance of the Proposals, and settlement of the ongoing disputes with Brooks MacDonald, we believe that the Company should be better positioned to obtain such funding though there can be no certainty over the timing or proposed structure of any financing.

[zcaprd7] 30/9/2016 09:52

Still, 7 cents a share...

[zcaprd7] 30/9/2016 09:34

Following receipt of shareholder approval for the Proposals described above, the accrued value of the redeemable preference shares has been reset, with a corresponding increase in the Company's net asset value which will be recognised in the results for the year ending 31 December 2016

[russman] 30/9/2016 09:18

Maybe you could lend OPP the cash for "working capital".

[zcaprd7] 28/9/2016 22:24

Personally, I think the investments will be liquidised for more, I think we are at 12p a share now. And in 2 years 15-17p at least ...

[zcaprd7] 28/9/2016 22:04

Well, they said it... If you reckon that, I'm happy, as you've been the biggest bear on this for the last 2 years! What's that 6p, 7p a share?

[russman] 28/9/2016 21:08

Big if- the investments valuation is static. I estimate nav per share to be usd 9.5c per share.

[zcaprd7] 28/9/2016 11:23

Or, has the next set of results been produced with the old zdps distribution regime, and they are warning everyone?

[zcaprd7] 28/9/2016 09:33

Yes I know. So just assume they never get redeemed... How much do ordinary shareholders get, according the the new distribution regime?

[russman] 28/9/2016 09:20

Checked 57m ZDPs outstanding. That is a lot of gearing.
I will have a go at the liquidation figures.

[zcaprd7] 28/9/2016 09:11

Have you done the distribution calculation yet? Assuming they liquidate the portfolio over the next 2 years...

[zcaprd7] 27/9/2016 15:04

Indeed. Try the calculation based on the last set of results, total assets figure, with the new distribution approach... Let's just assume worst case, and they never get redeemed!

[russman] 27/9/2016 12:27

I will have to get my calc out.There cannot be 56m Zdps.Was it 1 vote per zdp @ the meeting.

[russman] 22/9/2016 12:14

Interesting question on the ZDPs.OPP say it is circa usd 12m.About $1.44.If the vote succeeds this is reset to $1.0526.But Zdps get all the cash.

[zcaprd7] 21/9/2016 11:11

I suppose we'll find out on the 30th September...

[zcaprd7] 21/9/2016 09:48

Does anyone know what the total amount to be redeemed by the czdps is now?