Post by
carlson8 on Feb 09, 2017 9:31am
deal closing today?
the deal was scheduled to close today or soon after. we will then see about the fund raising, the role of Rick Rule, and their plans for the cash.
as of today, note this disparity:
SCP .58 and ADI .22 (the deal ratio is 3:1 so SCP is 13% discount to that .66 relative number)
post-transaction NAV is .31 (that's .93 NAV on SCP current shares, a 38% discount)
post-transaction LIQUID NAV (meaning cash and stock CSO + IPO) is .22 if you give zero value to the privates (OEF + UAG + RII + Lac Otelnuk) (that's .66 Liquid NAV on SCP current shares)
SCP price now "should" be between .66 and .93, so it seems the market still does not value the privates
Comment by
nickbillfish on Feb 14, 2017 6:32am
It opened at .23 under SHRI so a nice gain for us holders as that .69 equivalent. Need to move this over to SRHI. SCP looks suspended in my Fidelity account.