Westfield has allocated 350 million USD and not AUD to OMN to...

Westfield has allocated 350 million USD and not AUD to OMN to date, right? In AUD it should be closer to half a billion dollars. My information source is page 4 of the special purpose financial statements, which show "Proceeds from invested capital from parent" to be $321,619,000, $41,055,000 and $9,442,000 in 2017, 2016 and 2015 respectively. All amounts are in USD.


I wonder how long OMN can continue to trade at a 40%-50% discount to net cash backing. They should have around $1.80 per share in net cash right now. I feel like they're one market correction from a corporate raider emerging with a large stake purchased in the 70's-80's cents range, who can then follow up with a takeover bid at say $1.10. After sacking the board and winding up the operations, there should still be a healthy cash pile left I think (though not 100% sure on windup costs). A quick and easy profit for the raider. Though I have to admit, I'm not too familiar with takeover dynamics so am not super confident about the validity of this thesis.