Decided to join you guys @ 23c .... be great to see the Buying pressure push towards my swing trade sell
T/A looks positive through 30-60 MA
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Personal think this will move to the upper band of the 1yr trading range 20c-26c (and have fixed my sell order to suit)
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
The larger of these two investments came from Libra Fund LP, now holding 17.64% of RBC, which is owned by Mr Ranjan Tandon. He recently donated $US100m to New York University and is worth a google search.
Presumably he's not supporting Rubicon for philanthropic reasons and can see value in Arborgen's business.
The larger of these two investments came from Libra Fund LP, now holding 17.64% of RBC, which is owned by Mr Ranjan Tandon. He recently donated $US100m to New York University and is worth a google search.
Presumably he's not supporting Rubicon for philanthropic reasons and can see value in Arborgen's business.
Has any members got access to the NBR paid content.
Headline in there todays says
COMPLEX ACCOUNTING IN BIG VALUE GAP FOR RUBICON.
Rest of Arborgen acquired for US$167 mill below carring value.
Has any members got access to the NBR paid content.
Headline in there todays says
COMPLEX ACCOUNTING IN BIG VALUE GAP FOR RUBICON.
Rest of Arborgen acquired for US$167 mill below carring value.
In summary, Rubicon's 31.7% stake in Arborgen is in their books at USD91m yet they picked up the other 68.3% from the partners for only USD29m. This implies a disparity, however Rubicon says because they had pre-emptive purchase rights the transaction was not completed at open market value. Consequently RBC's accountants and auditors will now need to spend several months working on what new valuation should now be given to the business. Significantly Rubicon does not anticipate a material change in its accounting equity to occur.
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