I can't understand the SP going up to $1.66 after this announcement. The guaranteed redemption value is just $1.61 (including Franking Credits on the dividend). Why would someone want to pay $1.66 and wait to get paid a lesser amount in a number of weeks.
Have I missed something?
(I sold out last week, thinking $1.59 was a good price now, compared to a similar amount down the track.)
Ann: Calculation of Scrip Consideration and Cash Consideration, page-2
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)