Ann: Dividend/Distribution - BLD, page-8

First 8 Last

Share
Profile

Follow
Shorterskillme

2,910 Posts.

206

12/04/24

12:57

Post #: 73314389
Share

Originally posted by Shorterskillme: ↑

Depends how you read it but I call BS and don't be a prick it was a legitimate question;

"As a result of Boral’s BRC’s unanimous recommendation that Boral shareholders should accept the
Offer, the conditions for release of acceptances from the Acceptance Facility have been satisfied.
Shareholders that have tendered into the Acceptance Facility to date will be entitled to receive the
payment of a $0.26 per share fully-franked dividend to Boral shareholders.

SGH encourages Boral shareholders to ACT NOW and ACCEPT the Offer as soon as Boral trades exdividend. The Offer period will now be extended to allow the undertaking of Boral’s two capital management initiatives and will be open to Boral Shareholders until 7.00 pm (Sydney time) on 15 May
2024. Shareholders who accept the Offer will now be issued with SGH Shares and sent payment within
7 Business Days. The Offer is best and final."

I read that as those who have already accepted DO get the dividend and therefore the franking credit.
Then they say don't accept until after BLD goes ex-div. Brilliant. So what difference does it make accepting now or after?

Bloody convoluted offer. Pricks. Wasn't the last offer also "best and final"?

Sell now = $6.14

Accept offer now = $1.70 + $4.47 (0.1116 of $40.04 current SVW SP) + $0.30 (SVW div) = $6.47 ??

Accept after 18th April = $1.44 + $4.47 + $0.26 + $0.30 + $0.11 (franking credit) = $6.58

Expand

A further thought...

If $6.47 or $6.58 is in fact the total, why wouldn't the SP have moved closer to that?
Can't we buy at $6.14 on market now and then take the offer after the divi', next week?

BLD Price at posting: $6.14 Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

QAN

Qantas dips on cyberattack news, but no Medibank-tier carnage

Trump chides Powell as Goldman call for calm. The RBA must be nervous

EVR

Pilot plant next up for EVR at Los Lirios after 'promising' antimony sampling

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Wednesday's HotCopper trends: Trigg $12.5M placement, Domino's shock exit | July 2

First 8 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: Dividend/Distribution - BLD, page-8

Top Stories

Qantas dips on cyberattack news, but no Medibank-tier carnage

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Pilot plant next up for EVR at Los Lirios after 'promising' antimony sampling

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Wednesday's HotCopper trends: Trigg $12.5M placement, Domino's shock exit | July 2

Featured News