For example - Let's say someone picks up 100 000 cwk shares today (or prior to the cut off date). They would be entitled to 12 500 oeg shares. For argument sake lets say that oeg are at their ipo price of 25c. This would be a nice $3000 plus earner for doing nothing. This of course would be on top of any capital increase in cwk (haven't heard from Tinkler for a while/Oaklands news?) and we may have had some more information from oeg by then as well and therby pushing the sp up.
CWK could effectively increase in value about the same amount (probably slightly below) whatever oeg is trading at as we get closer to the cut off date - It will be interesting to see what happens!
Just my thoughts.....
ps - DYOR
Announcement of distribution to ASX Wednesday, 17 August 2011 Ex Date for Distribution Monday, 12 September 2011 Record Date for Distribution Friday, 16 September 2011 Despatch Date of Orpheus holding statements to Coalworks shareholders receiving the Distribution Friday, 23 September 2011
CWK Price at posting:
56.3¢ Sentiment: Buy Disclosure: Held