Ann: Change in substantial holding from MIN, page-7

I suspect, this is why MIN have put the pressure on in relation to dividend take up. The take up is not there. Look at the history. The only time the take up took off in any meaningful way was when the bored folded. Heres something to think about:

• At this rate, it seems the 80% CGT rollover relief is a long way coming.
• All the friends that folded into the offer will be up for CGT.
• And that would be sweet justice for the bored and the friends and shills (even the shills on these threads who have popped their heads up lately).
• HPL wouldn't be too happy about chipping in CGT at 30% into a labor govt pocket.

Unless the offer is varied - to say something meaningful, I can't see MIN mopping up the remaining 20% they need to get to the 80% threshold. And that for me is a big consideration. Not only do you get CGT, but you also get a provisional tax hit you're going to have to argue your way out of.

That must be a big motivator for someone. This may also be a reason for MIN to keep the offer open. They would have a lot of pissed off friends otherwise.

I can see some folks here have folded, or gone half and half giving their reasons...Good luck to them. The fact some of the connected ones are sharing this, could also be viewed as a subtle exercise of chipping away at the resistance, trying to throw people off the horse by altering the narrative from staunch resistance to partial folding. Some of these guys, I knew would fold. And they're hanging on to allow them to continue to throw in their subtle commentary to chip away at the remainder of the holders.

For those still holding, remember, the more MIN or the market gets (the shares sold on market will go to min), the closer to the 80% pain relief threshold all the folders get.

And as for the dividend, 1% is what its worth. Not even a pip at these levels. DYOR. Not advice.