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 and gas 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 29/06/18

1 year TSR5 year TSR
56thGWR Group198%-1%
66thAnson Resources170%16%
131stTarget Energy100%-50%
287thCazaly Resources30%-8%
660thS2 Resources-31%0%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Other
$0 Other
$0 Other
Total value as at the date of the transaction
Source: Morningstar


118th↓Target Energy$1.1m
148th↑S2 Resources$428k
149th↑GWR Group$423k
151st↑Cazaly Resources$396k
152nd↑Anson Resources$381k
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Target Energy

699thLaurence Roe$164k
1116thStephen Mann$60k
Ranked by total remuneration from all listed WA companies

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