Ann: Capital Initiatives , page-42

Have slept on the recent announcement and have decided to take part in it.
13 cent per share is a big dicount to its book value of 30cents.
The only bit that concerns me is the future hedging 900,000 oz average price $23.75. (Banks are probably forcing CCU to except this low ball sum. Woodside had similar problems many years ago when as part of a loan they hedged oli at $10 barrell,dont know if you know what happened in but wpl shares fell to $10 because of forced lower income)
CCU can raise $5.1 m from their hedge book.