They're just buying one part of the business, it's not like they're buying all of PPT.
I expect it's totally up to PPT what they pay now as a dividend but obviously the more they pay out now the more debt they'll have so they will have less from the $2.1B later after they pay down debt, tax and separation costs.
Which means if they pay a big dividend now then the headline payout post sale won't look as good.
It's not a magic pudding. Personally I suspect they might go on the smaller side in the short term to make the post sale payout look bigger.
Ann: Fourth Quarter FY24 Business Update, page-29
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Last
$20.47 |
Change
-0.030(0.15%) |
Mkt cap ! $2.338B | |||
| Open | High | Low | Value | Volume |
| $20.67 | $20.67 | $20.39 | $2.452M | 119.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1542 | $20.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.48 | 594 | 20 |
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| Last trade - 14.46pm 12/11/2024 (20 minute delay) ? |
| PPT (ASX) Chart |