Looks like the franking credits on the final dividend are worth an extra 13.5c so all in all a final value of $2.48 to shareholders being $2.035 + $0.31 + $0.135 versus updated NTA of $2.28
That is a $0.20 gain though arguably it contains something for a final dividend, not declared this year given the AVID Scheme of Arrangement. However with such a large profit decline in H2 I am not sure how much of a dividend would have been paid.
No doubt some arbitrage traders will look at the franking credits over the next little while.
Cheers..............Daicosisgod
VLW Price at posting:
$2.32 Sentiment: Hold Disclosure: Held
