Hi Towie/ top pick, do you know when the record date will be for this 3c capital return? I can't find any info on it, but I thought it was approved at a meeting on Nov 30th so I am not sure why the record date would not be decided yet, I thought this would have been announced a few days after the meeting?
I am weighing up buying, my figuring is the if you buy at 5.3 c, get a 3 c capital return soon after, you are effectively buying at 2.3 cents, and it appears there is cash to be wound up worth around 2.9 cents a share, so potentially you are buying cash at a 20% discount, or am I missing something? But I can not work out why top pick suggests they might trade at 8 or 9 cents cum this capital return, because to buy it at those levels implies to me you would be paying 5 or 6 cents for a company that would be left with 2.9 cents cash a share, which plans simply to be wound up?
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