I think that your “mega tranche” was just institutions and sophisticated investors covering the shortfall from the SPP. I think the SP drop was just a delayed response to the additional shares issued. I try not to think too hard….. makes my brain hurt ! Knowing Geoffs preference to increase his SH base, I sold a tranche the day after the last holding day to get the SPP rights… at $1.535. I then applied for my allocation plus extras at $1.44 and as is usually the case with WAM, got all that I asked for. I ended up with more WLE than I had originally, but lowered my cost base AND only have to hold a comparitively short time, to get a fully franked divvy. My SMSF is in pension mode, so I get the Franking credits back from the ATO in cash. Just another benefit !
WLE Price at posting:
$1.50 Sentiment: Hold Disclosure: Held
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