mikes100,
If WAA current options are not exercised then by a re-issue would see them exercised later in 2012 if they increase the dividends to 5.0c & 5.0c next year
This total dividend of 10.0c would give a yield of 8.7% fully franked which should get the share price to $1.15 for the exercise of the options should that be the new expiry price.
With more cash at his disposal Geoff could afford to be a little more adventurous in his investments.
tilleydog,
If the company is unable to make a profit then I would support your idea of winding up a company but when the company is able to increase its dividend there is light at the end of the tunnel & the discount to nta will be reduced over time.
LICs should be invested in more for the dividend stream than a short term capital gain that in some cases is met with a capital gains tax.
In the case of WAA I would think that there is an opportunity for significant capital gain but even if the share price moves up significantly I will not be selling because it is the yield that will keep me as a shareholder.
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Open | High | Low | Value | Volume |
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1 | 16000 | 0.780 |
1 | 9000 | 0.775 |
Price($) | Vol. | No. |
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0.800 | 119701 | 1 |
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