Ann: SWM: SWM Acquisition of Prime Media, page-17

Attractive to low paying tax brackets, super , pensions etc . Less attractive to higher MTRs as grossed up income will ultimately be taxed

i am out folks - out at 40 , then bought back at 38.5 and out again at 39.5 so 41 exit

there may be a little more value on table , but prefer to reallocate capital.

Prt has been kind to me , and congrats to management as this realises good value. Prt was a declining business and was always best in the hands SWM at the right price.
this is a fair price especially since we also got 2c Divi FF not long ago