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Hi norscI was talking about the AYS first distributionBecause...

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Rod55

292 Posts.

34

04/03/21

18:26

Post #: 51527614
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Originally posted by norsc: ↑

Thanks Rod,
Rome was not build in a day...and you can see from the AYS share price chart that this plan was concocted by all in 2019.... with a slump in the share price in after June 1019... that was when those "in the know" knew exactly what to do to indeed profit from all this....and possibly get a bit of rollover relief to-boot!!

The executives would have been guided by Management. Who all will get a generous pay-out from all this.

I don't quite understand what "so you won't be able to take the first distribution & then accept the reduced offer" means...
Is not the first distribution from WAM their intended dividend payable on the 7th of June of 7.8 cents per share?(EX dividend on the 31st of March - the day after WAM the offer closes. )..
This is locked in surely and cannot change.

cheers

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Hi norsc
I was talking about the AYS first distribution
Because the timetable
WAM takeover offer set to expire 30 March, which is the day before the record date for the AYS distribution.
Also on the 31 March the AYS is set to delist, so you won't be able to sell on market.
So if you haven't accepted WAM offer by 30 March, you'll have no choice but wait for all the payments from AYS, then claim a capital loss after the company is wound up in about October.

Rod

AYS Price at posting: 78.5¢ Sentiment: None Disclosure: Held
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