Great post four dollars. Only thing I'll pull you up on is the SPP price.
The 20% discount on the price is stated as 5 days up to and including the closing date of the offer. The offer closed yesterday while CCU was in a trading halt and the 5 day average will the 5 days which it was in the halt. So it's 20% discount on 10.5c - so the offer price will be 8.4c.
That will change your maths a bit. But still thanks for the update it gives us something to chew over....
Management are pissing me of here, they take their pay check every month but I haven't seen them committ any of it to the company they want shareholders to believe in.... and keep 'donating' too.... That 13cent raising was tough enough to swallow.... this is just plain nasty.
CCU Price at posting:
8.5¢ Sentiment: None Disclosure: Held
