Ann: Change in substantial holding, page-5

thanks Marcus for the comments and the "stand in market" rule which I did not know

if there are buggers out there who bought PEA at 60 cents and sold at $1.10 and put it into Zenith in the 60s, then those guys are my heros. They twiced it.

I got some advise re the bid document, and my advise was PEP has signed on the dotted line and THEY cannot back out. I hope that is true. I think $1.01 is unders, but suddenly it looks OK!

re the arbitrage trade, that makes sense to me. I am stumped at the share TRADING the last three days. Over 20 mill between 95 and 98. Then when you take the 35 mill shares off the table of Doug/Hamish/Graham you end up with a LOT of shares trading.

I sure hope they write up that special divvie quick smart. Mind you, there is a 45 day rule or something? So maybe new buyers want to have that done in May sometime. They have a bit of franking to hand out. I think about 15 cents per share retained after tax earnings since 2017. That franking will cover my capital gain. I am hoping for 10 cents. Heck, I should call Hamish and ask him for the entire 15 cents. Or, let us have some real fun..... they should do a BHP and give people a choice. So if 50% of people want all capital gains (say no franking is good for them), then that will leave 30 cents special div for the rest of us. Ha ha. I am just thinking aloud. When push comes to shove maybe it will be 2 cents or something.

I sure hope all the 'regular' guys buying around 96 cents reap a benefit (maybe up to 10% for being brave!).