RHE 0.00% 23.5¢ rheochem plc

private t/o bid

  1. eer
    767 Posts.
    Well how about it....

    Rollup rollup.... have I got a deal for you!!!!!!

    For the princely sum of say $60m (10% premium on todays close) we could have
    $45m back in under a year with the sale of the fluids business already done, and for the addition of $14m an income stream going forward of $70m pa.

    Lets recap say $60mil (shares) + $14mil capex for Athena, that $74mil costs.
    You get back $45mil sale of Fluids business. Total outlay 74 -45 = $29mil.

    So for $29mil we get a gusher giving us $70mil+ pa. Nice little PE. It's more like an EP.

    Conclusion....this is a no brainer............

    This is a blatant RAMP but totally supported by company figures.
 
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