Advance, Odin launch offer for Target

West Perth-based companies Advance Energy and Odin Energy have joined forces to launch a cash and scrip takeover offer for oil explorer Target Energy.


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This is typical scrappy behaviour from West Perth operators that share poor management members. I would watch out...

Odin and Advance's common management/board have not built shareholder value or tangible projects with these or any of their other ventures so I cannot see the point for poor Target shareholders.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/03/19

1 year TSR5 year TSR
thTarget Energy-98%-76%
229thFirst Graphene6%21%
519thElement 25-37%14%
582ndAdx Energy-46%-14%
719thMiddle Island Resources-63%-14%
729 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$35k Bought
$111k Bought
$0 Other
Total value as at the date of the transaction
Source: Morningstar


107th↓Target Energy$1.1m
110th↑First Graphene$949k
112th↑Middle Island Resources$938k
114th↓Element 25$908k
115th↑Adx Energy$905k
485 listed resources companies ranked by revenue.
Source: Morningstar

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