RHG Ltd (RHG) - almost there

Most recent post here.

CDM/Pepper have withdrawn from the race for RHG. This leaves the Resimac offer of 50.1c cash standing. This is a good outcome for RHG shareholders. They are getting straight cash for their investment, and on my numbers we are getting a very fair price. The RHG Board is recommending shareholders vote for the Resimac offer, which will be conducted through a scheme of arrangement requiring 75% of shareholders to agree. Unless CDM decides to vote against the offer, there should be no problem getting the deal over the line now. 

Anything could happen, however the chances of finishing this trade quickly with a straightforward and handsome profit have have improved remarkably.  

CDM/Karl Seigling has copped a bit of flak over this deal. I think this is unwarranted. Although it is convoluted (it took me quite a bit of time to get my head around it), the net result is that CDM has helped drive the offer higher. As a RHG shareholder I am thankful. 

Kristian   

Disclosure: own RHG