TIM 0.00% 4.4¢ timbercorp limited

timpb versus tim reminder

  1. 2,123 Posts.
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    TIM is heading lower but, so long as TIM survives, TIMPB will exchange for $2.05 worth of TIM shares in Sep09.

    So you can buy TIMPB today at 1.34, receive 14 cents of franked dividends between now and then (10.5% fully franked yield) and, in Sep09, realise a capital gain of 53%. Yield equivalent is 76% per annum and this neglects tax benefit of capital gain so return is much higher than this from taxable return perspective
 
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Currently unlisted public company.

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