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OVH, ONEVUE HOLDINGS LIMITED
nipper
post Posted: Jun 1 2020, 04:07 PM
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QUOTE
Iress IRE has launched a takeover bid for Onevue Holdings at 40c per share. The offer values the company at $107m.

The price is a 66.7 per cent premium to the wealth managers last closing share price of 24c.

The friendly deal sees Iress, a financial software business, gain access to OneVues wealth management software.

Iress will raise $170m to help fund the transaction, with Goldman Sachs underwriting a $150m placement at $10.42, a 7 per cent discount to its last closing share price.
The deal is expected to conclude in late September.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Feb 4 2020, 04:11 PM
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With Sarson companies in liquidation, superannuation platform manager­OneVue moved to assure its shareholders it won’t be left financially damaged if Sargon collapses.

OneVue said it would preserve its legal rights over an outstanding $31m owed to it by Sargon from last year’s purchase of its ­Diversa Trustee business.

“It is important to emphasise that the ­OneVue business and its commitments to clients and growth is in no way dependent on the outcome of the Sargon receivable,” OneVue managing director Connie Mckeage said.

“The business is appropriately funded and has the balance sheet strength, cash-generating capabilities, cash on hand and debt ­facilities to support the growth and operating requirements of the business.

“All outstanding amounts for acquisitions were fully extinguished in January 2020, including the final payment to KPMG for the acquisition of their ­superannuation administration business.”



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
ShareScene.com
post Posted: May 27 2015, 02:40 PM
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Added by request OVH - OneVue Holdings Limited

Regards,

ShareScene Admin

 
 



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