Tuesday, March 22, 2016 2:43:46 AM
Share-Buy-Back-Program to boost SP and reflect intrinsic value
ri.petroriosa.com.br/download_arquivos.asp?id_arquivo=987A24ED-6C7E-4F47-869E-E23C9A4F6C97
"aims to provide that market price of the shares shall reflect more appropriately the Company’s intrinsic value"
Cash alone worth multiple times of current low R$127 million Market Cap:
R$235 million to add: Shell & PB will have to pay back the US$35 million which they have received in 2015 (20% from acquisition Price from terminated BJSA deal) not to forget PetroRio is about to receive another US$30 million from Rosneft from the sale of assets in Solimoes. (+US$65 million (~R$235 million))
ri.petroriosa.com.br/download_arquivos.asp?id_arquivo=987A24ED-6C7E-4F47-869E-E23C9A4F6C97
"aims to provide that market price of the shares shall reflect more appropriately the Company’s intrinsic value"
Cash alone worth multiple times of current low R$127 million Market Cap:
R$235 million to add: Shell & PB will have to pay back the US$35 million which they have received in 2015 (20% from acquisition Price from terminated BJSA deal) not to forget PetroRio is about to receive another US$30 million from Rosneft from the sale of assets in Solimoes. (+US$65 million (~R$235 million))
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