Westoz buying up everything available at 98.5 cents! A timely...

Westoz buying up everything available at 98.5 cents! A timely disclosure given it includes purchases made today. If data accurate, they purchased almost every share traded on the ASX today.

Surely they’re just after the short term return through picking up the Franking Credits on the special dividend. It would be too risky to be buying to join the rollover class as the ever decreasing number of shares in the leftover class would mean the risk that the scheme was not approved would be high.

Westoz’s continued buying does mean that voter turn out at the scheme meeting will be high with very few dead votes.