Re the offer ? Given that I topped up late February, I have no complaints. My observations are that given the relatively high PE, given that the Directors have recommended the offer, that there is a substantial break fee involved (which would have to be compensated for if there was an opposing offer) and that there is no obvious competing offer (yet), I think it is safe to say that the deal is almost done. I guess there are a lot of punters out there whose name must be Oliver Twist, as in “Please Sir, I want more !” I don’t think it’s going to happen, but happy if I’m proven wrong ! Re the possibly fully franked dividend, the Franking credits will be of substantial use to SMSFs in Pension mode, altho of course the Capital Gains from UWL will also be tax free for a SMSF in Pension Mode. As previously noted, just a little bit back from the government in the case of the Franking credit !
