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Mayday maverick's avatar

Hi OB,

Would be interested to hear your views on recent asset sale announcement of saietta to a Japanese company and if at all there will be anything left for share holders based on projected numbers.

https://www.exedy.com/en/news/20240426_2/

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Laurie's avatar

Probably worth a mention that it’s not completely doom and gloom. There are still assets (tangible and intangible) in the company and whilst it’s less likely there will be shareholder value now it’s in administration there is potential upside from a completely ‘nil’ valuation that would be prudent to give it at this stage.

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The Oak Bloke's avatar

Hi Laurie, I've added to the article. 0.28p/share was the nadir for the share. At that price SED was valued at £0.4m

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Laurie's avatar

Are you planning another OB20 update soon… Maybe after the DEC results? Would be interesting to see the current comparison of value between the actual equal split you did vs the split you wanted to do (50% DEC, 50% the rest)!

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