Origo Partners Dividends - OPP

Origo Partners Dividends - OPP

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Origo Partners Plc OPP London Ordinary Share IM00B1G3MS12 ORD 0.01P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
0.00 0.0% 0.105 0.105 0.105 0.105 0.105 08:00:00
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Industry Sector

Origo Partners OPP Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

zcaprd7: Worth checking I guess, interesting the share price hasn't totally collapsed after the return...
russman: There is a reason the share price has always stood at a large discount to OPPs "perceived" value.
oxs: zcaprd - It is all relevant... Its at a 20/80 split in favor of the Prefs ... so this means, say for arguments sake they distributed $5m to shareholders, the ords would be entitled to $1m which is the equivalent to around 0.2p $10m = 0.4 & $15m 0.6 or 100% up from todays share price (Bare in mind that the PREF's market cap is $6.5m which actually makes the Ordinary shares far better value to purchase from these levels) It gets interesting after the first $15m has been distributed as then it is at a 56/44% split in favor to ords... So for every $10m split after the $15m has been returned it would be $5.6m to the ordinary shareholders which at todays conversion is £4.4m or 1.4p on to the share price. Granted there are no guarantees that we will see over $15m distributed however I do think there is good evidence to suggest we may well do. Take Celadon mining of which we own 9% of as an example. Holding a 1.1b ton asset with a 6MT per year mining licence... China's biggest mine in Mongolia and is the second biggest mine in the world has a resource of 1.7MT... Rio tinto has sold manies of smaller resource size then Celadons mine in the past for upwards of $1b. I refer to the results on SPPC may 2017:: "Celadon owns two coal projects in Inner Mongolia. Although management are committed to delivering a return to shareholders through the sale of these assets, this is proving extremely difficult. Management have guided shareholders as to what return they might expect, and St Peter Port has discounted this considerably" The asset was written on SPPC's books in these results at £2m ... this is a "considerable discount" 6MT of Coal is worth around $600b per year to the buyer. Average cost price for coal extraction in china is around 50% ... So lets.. for arguments sake take a sale price of $500m ... it would take less than 2 years to pay off the asset which at 1.1b tons and 6mt extraction a year has a mine life of over 100 years. Negotiations have been going on a long time... originally to a state owned company which fell through due to the paris agreement and since opened up with another potential buyer. From the most recent SPPC results:: "Celadon, a company which St Peter Port has previously written down to zero, recently reported to its shareholders that it had signed a deal to sell its main asset for a significant sum. However, this sale is conditional on, amongst other things, the proposed purchaser obtaining finance over the next twelve months. We will continue to monitor events and, should a deal be completed, St Peter Port may have to adjust its NAV." & from OPP's most recent results:: "Celadon Mining Ltd. There have been reports of positive developments in connection with the controlling shareholder's efforts to monetize Celadon's assets, but we have received these sorts of positive reports before - note for example the representation in Origo's 2015 Annual Report that "[a]fter an active sales process during the second half of the year, Celadon entered into a Letter of Intent for the sale of Chang Tan West in November 2015 with a large Chinese state-owned enterprise." The truth of the matter is that we as minority shareholders in this privately held enterprise have no visibility into any negotiations to sell Celadon's assets and have never seen any letter of intent. On the other hand, the underlying assets appear to have intrinsic value. We consequently maintain the Celadon valuation at US$4.48 million, the same as period end 2017." What is a significant sum & Intrinsic value ? All we can do is speculate and this is no doubt where our wider research comes into play. They bought 22% of the asset for $44m taking this valuation and multiplying it by our now 100% interest would give us around $170m adding around $13m to our NAV which is currently $14m giving us a share price of around 2.5p As far as i can tell "Lawrence Lou" who was the CEO of Westpac china an Australian company that sold in 2017 for just shy of $500m joined Celadon in 2015 as the CFO... This man is high caliber and quite clearly has involvement within the Chinese mining sector... CFO's are often brought onboard which acquisitions and sales take place... and someone of this caliber would only be brought in if the sale was of a substantial amount. As far as I am concerned the writing is clearly on the wall it is just a matter of time & I do expect the asset will sold for far more than the $44m equivalent it is written on our books at.
happyyoshie: I bought into this 3 years ago. Just a small punt of just few hundreds ££. My fault, I didn't research much into it as I thought only putting in few hundreds £. Reading the recent chairman report I'm shocked of so much money (investors/shareholders') gone into this and all come to nothing or almost. Did the previous not make thorough diligence into the investments they investing as they must be responsible on how they handle shareholders' money or they're part of this scam. Not only a £m but sounds like £billion altogether in so many places. Maybe one bad investment decision & losses on one investment but OMG all (except maybe one can be saved) investments evaporated! - definitely a Ponzi scheme. Are the directors not held liable or the FCA/ government get involve here? Anyone thinking there's can be some money to be salvaged for the shareholders? Or the share price might go up a little more and buying at this price might have chance of getting some money back? I really feel for those who bought in earlier days and got more invested in.
zcaprd7: Kincora welcomes a new cornerstone investorSource: PR Newswire (Canada)The LIM Asia Special Situations Master Fund Limited, a fund managed by LIM Advisors Limited ("LIM"), has acquired a 28.7% interest in KincoraThe off-market transactions remove recent overhangs to Kincora's share priceLIM is one of the longest operating alternative investment managers in Asiaand it invests across the corporate and capital structure in deep value and special situation opportunitiesVANCOUVER, June 25, 2018 /CNW/ - Kincora Copper Ltd. (the "Company", "Kincora") (TSXV: KCC) is pleased to welcome a new cornerstone investor, the LIM Asia Special Situations Master Fund Ltd ("LASSMF").  LASSMF has recently acquired, via the secondary market, a 28.7% interest in total to become Kincora's largest shareholder.Sam Spring, President and CEO commented, "We are very pleased to welcome LASSMF, a fund managed by a pre-eminent Hong Konginvestment manager, to strengthen our register and transition out of the recent period of uncertainty that has weighed on Kincora's share price. The secondary market acquisitions are a clear sign of confidence for the new board and the strategy Kincora is pursuing. Removing the overhang provides the foundation to again focus on advancing the first modern Tier1 drill testing and district scale exploration program in this highly mineralised belt where we hold the dominant position and are looking to drill test two targets this field season, and, be in a favourable position for further expansion activities."LIM's Founder, Chairman and Chief Investment Officer, George W. Long, said "We are excited to have secured a strategic position in Kincora given their outlined targets and dominant land holding in the world-class Southern Gobi copper-gold belt. We have been investing in Mongolia for over 15 years and also have experience investing in mining and natural resource projects in Central Asia, Indonesia, Australia, the Philippines, and other parts of the world.The Company has a strong shareholder register backing the team which is credited with multiple Tier 1 copper discoveries, has a proven track record in Mongolia, is pursuing further countercyclical expansion, and we see opportunities to support the Company given the structurally attractive medium term outlook for copper prices".Link to Kincora's updated presentation: www.kincoracopper.com/investors/presentationsAbout LIM LIM is one of the longest operating alternative investment managers in Asia.  Further information: www.limadvisors.comAbout KincoraKincora is a junior resource company engaged in the acquisition, exploration and development of mineral properties, with a focus on Tier 1 copper-gold projects in Mongolia.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE Kincora Copper Limited?Copyright 2018 Canada NewsWire
zcaprd7: They had 30% valued at $5m... Now they have 25% of 17.21m. To be fair, the kincora share price has dropped in the last month or so, so about right?
iankn73: I have no idea similar to Russman. My investment is based on a premise. When looking at their historic investments in China/Mongolia. I'm assuming that the global economy is in better shape than previous years and some of their investments will bear fruit if one has the patience to wait. And looking at where the share price is. I feel its a risk worth taking. I dont have a massive amount invested here, so can take the hit if I get it wrong. Good luck all
zcaprd7: Interesting. Keep the share price low for a low ball bid?
zcaprd7: Lol. Delayed. And court set for 3 days. I suspect the judge knows what they've decided, and the delay is deliberate. How about origo issues ordinary shares to the zdp holders, yes, there is dilution, but the problem goes away and the zdp holders get something? Hopefully using the NAV value rather than the share price!
zcaprd7: Well, one of the mining companies borrowed some from origo, which is due back (or convertible) this year from memory. The irony. I'm pretty sure if they had to, they could scramble the cash together, they just don't want to, unless necessary. Share price is telling a different story, granted!
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