The Fat Whale

Experienced financial professional. Views are my own. I do not offer any advice. Reposts are not endorsement. Do your own research

[The Fat Whale @David7003687272]

@MasterDaMarket Possibly better to be in the Exchangeable Bonds and be paid to wait?

[The Fat Whale @David7003687272]

@cjpraat Not sure if I missed it but I didn’t see a detailed explanation of the reasons for the impairment of the Atterbury investment by RMH in the recent joint circular for the mandatory offer. It also didn’t receive much mention in the IE report included with the circular

[The Fat Whale @David7003687272]

@albie_cilliers @AtterburyProp RMH disclosed the consolidated AFS of Atterbury (30 June 2024 year end) as part of its 2024 financial results reporting. Interesting it has not done the same for 2025, particularly in light of the APF/ Attbid offer and given that Atterbury comprises the majority of RMH's value

[The Fat Whale @David7003687272]

@cjpraat The circular nature of the APF/ Attbid offer is fascinating. Atterbury is essentially buying back its shares at a cheap price through a discounted offer for RMH, which allows Atterbury to capture value, which boosts the value of RMH... I'm glad I didn't have to do the valuation!

[The Fat Whale @David7003687272]

@cjpraat RMH disclosed the consolidated AFS of Atterbury (30 June 2024 year end) as part of its 2024 financial results reporting. Interesting it has not done the same for 2025, particularly in light of the APF/ Attbid offer and given that Atterbury comprises the majority of RMH's value