Author Topic: WEQ - Western One Inc  (Read 2840 times)

writser

  • Hero Member
  • *****
  • Posts: 1636
Re: WEQ - Western One Inc
« Reply #10 on: November 28, 2018, 09:40:53 AM »
I think the important thing is that you should fiddle around a bit with the dates / possible payouts to get a feel for the IRR of a few possible scenario's. The whole transaction is in CAD so there is no currency risk afaik. Assuming the price range in the press release is still more or less valid this is (or at least was, until today) trading at a ~10% discount to the possible range of distributions. That's quite a bit, so even if the first payout is in April and is only $1.50 your returns are still quite satisfactory.

In other words, the IRR isn't _that_ sensitive to a month more or less which is why I think the exact schedule isn't super important.
When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid.


writser

  • Hero Member
  • *****
  • Posts: 1636
Re: WEQ - Western One Inc
« Reply #11 on: November 30, 2018, 06:12:24 AM »
In other words, the IRR isn't _that_ sensitive to a month more or less which is why I think the exact schedule isn't super important.

Which is a good thing because today the first delay has been announced ..

Quote
Following the Special Meeting, and as part of the final negotiations between the parties in conjunction with the closing of the sale of the Business, United Rentals will have until the end of the post-closing adjustment period in May 2019 to make a claim under the Agreement before any initial distribution is made to WesternOne's shareholders.  Consequently, an interim distribution is now expected to be made in the second quarter of 2019, with a possible final distribution at the conclusion of the liquidation.

Good thing is that the sale has closed. Company will be delisted December 12.
When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid.

fishwithwings

  • Jr. Member
  • **
  • Posts: 86
Re: WEQ - Western One Inc
« Reply #12 on: November 30, 2018, 06:24:50 AM »
Do we know the date for the conclusion of the liquidation?

Hielko

  • Hero Member
  • *****
  • Posts: 1078
Re: WEQ - Western One Inc
« Reply #13 on: November 30, 2018, 08:21:30 AM »
Do we know the date for the conclusion of the liquidation?
These things tend to take time. Could easily take multiple years before it's completely concluded.