I share the same sentiment @Snave23
It may be a dead duck now. 18 cent cap return plus a potentially fully franked special dividend of 6 or so cents.
looking at 7 to 8 cent per share value post these disbursements.
That is a 10m market cap company that cannot justify listing on the asx.
shame that really unsexy old co was just great value for a solid fully franked dividend.
To the ones that still hold, I wish you luck. It was a risk that I was not willing to take.
Ann: Dividend/Distribution - PTL, page-15
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