Whilst I don't understand all the math that is involved in this proposed transaction. I do understand that we may be paying a proportional premium in franking credits to Shell which is offsetting the actual purchase price per share WPL is paying. As you say "taxpayers on high income tax rates get a negative value [tax liability]", this may occur to some degree for individuals in such a situation in the short term. Those on a lower income tax rate may conversely be on a more negligible degree. One should probably speak to their Accountant for more clarification if one has a large individual holding and is on a high income tax rate. WPL state that this deal will not affect the DIV payout and from external analysis should leave approx $1.9B in Franking Credits in WPL's account.
On the upside this deal does get Shell's holding or rather overhang off WPL's back, which over the years I have been a holder has drawn many a lament/uncertainty from other holders. If I'm still reading this right, the deal also appears to leave the median to longer term situation in a possible (or should it be more accurate to say probable?) higher cash flow rate per share which would result in a higher dividend per share in future periods. Such being correct this may translate into a higher SP accordingly. From my present perspective, this would not be displeasing at all.
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Last
$26.83 |
Change
-0.700(2.54%) |
Mkt cap ! $50.94B |
Open | High | Low | Value | Volume |
$27.02 | $27.06 | $26.60 | $216.9M | 8.084M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 41750 | $26.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$26.83 | 8883 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 41750 | 26.820 |
2 | 410 | 26.810 |
15 | 32108 | 26.800 |
2 | 1112 | 26.790 |
1 | 13945 | 26.780 |
Price($) | Vol. | No. |
---|---|---|
26.830 | 8883 | 1 |
26.840 | 8997 | 1 |
26.850 | 7240 | 1 |
26.860 | 5924 | 1 |
26.870 | 17572 | 2 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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