OCI NV (OCI)

Currency in EUR
4.10
+0.05(+1.23%)
Closed·

OCI Comments

Even at today's average rate of €3.65 on Euronext Amsterdam and assuming OCI NV as a defacto tracker of Orascom Construction Ltd (ORAS) quoted in Egypt, OCI NV is quoted at an appx discount of 18.6% where forex rate is = 61.46 Egyptian pounds = €1 and Orascom Construction Ltd (ORAS) price at EGP £61.46.
Read Orascom Construction Ltd (ORAS) price at EGP £600 and not 61.46 which is the conversion rate.
The company will be evaluated on the following basis by the courts: a) Enterprise Value. b) Replacement cost and goodwill. c) Opportunity cost. The minority shareholders will be compensated on these basis.
What is your price target?
Merged into Orascom (~0.4634 ratio), the company will be delisted from Euronext Amsterdam hence a negative. The Egyptians have take the Dutch and other shareholders for a ride by proposing a gun-point deal. If this transaction is abandoned and OCI remains listed in Amsterdam then the share price could go up substantially. I see a +30% to +60% upside or an alternative transaction (new bidder / asset sale) with similar returns. If the merger goes thru with improved terms, the returns may be lower. In any case, this remains to be a speculative investments. Buy only limited quantities at the current price.
The outcome of legal action: Activist Firms (Corvex Managment LP and Inclusive Capital Partners LP) vs the Sawiris family will determine the share price.
Activist firms such as Corvex Managment LP and Inclusive Capital Partners LP will do everything to prove that the planned merger by the Sawiris family to Orascom is extremely profitable for the insiders but a fraud towards the minority shareholders. If these activist firms prove the suggested corporate action is fraudulent, the share price could rise substantially. To be seen.
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Nassef has been agressively buying!
What happen?
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3B divided coming 2024
Looks good technically, how can I buy this stock?
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Hidden treasury
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Shorted, rate to float 0,51% Contract was open by Citadel Advisors LLC in 20.03.23.
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How is this happening today? -6% Anyone have any news? Thanks for sharing or commenting.
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review the last sale agreement you will understand why.
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