Just a humble question about the 5c capital return.
What happens to the share price ex the return? Is this some form of magic pudding where the share price stays the same[ 44.5c ] and we are suddenly 5 cents better off? Or does the share price drop 5 cents and we are where we started, with total value still at 44.5c? In other words does this really
change our overall wealth?
The way some posters are talking I get the feeling they think we are going to be 5 cents richer after the return. I don't know if that will be the case.
Does anyone have any observations about the general reaction of companies' share price movements after capital returns in general?
cashed up but needs to secure growth options, page-9
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