RNC 0.00% 36.5¢ real estate corp limited

severly undervalued

  1. 8,493 Posts.
    lightbulb Created with Sketch. 69
    By my reckoning this company will be trading at around 35c cash backing and no debt in 4 months time.

    Holders will also get a share in the 10 mill stapled securities fund which will pay you 10% per annum at current rates?

    Also 25,000,000 shares in HUN which would be given to holders?

    Is all this correct, or am I missing something, I have read the terms and conditions of the takeover and they arent much so it looks like this will be a goer.
    Even if it isnt RNC business model is looking quite good currently so would make a good investment on its own without the takeover offer.
 
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Currently unlisted public company.

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