PNC 0.99% 51.0¢ pioneer credit limited

Ann: Reinstatement to Official Quotation, page-17

  1. 860 Posts.
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    It would appear to me that there is a very low chance the deal will not go ahead.

    An investment of $1.76 per share will return $1.58 (scheme payout) plus $0.24 (Div) plus a maximum $0.103 (franking credit based on applicable tax rate) in 4 months time.

    That is equal to an annualised return of 9.7% p.a. (with no franking credit) or 26%p.a. (with full franking credit). Everyone would agree this is better than the current bank interest rate.
    Last edited by PhoenixAM2017: 23/12/19
 
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