Whilst I don't understand all the math that is involved in this proposed transaction. I do understand that we may be paying a proportional premium in franking credits to Shell which is offsetting the actual purchase price per share WPL is paying. As you say "taxpayers on high income tax rates get a negative value [tax liability]", this may occur to some degree for individuals in such a situation in the short term. Those on a lower income tax rate may conversely be on a more negligible degree. One should probably speak to their Accountant for more clarification if one has a large individual holding and is on a high income tax rate. WPL state that this deal will not affect the DIV payout and from external analysis should leave approx $1.9B in Franking Credits in WPL's account.
On the upside this deal does get Shell's holding or rather overhang off WPL's back, which over the years I have been a holder has drawn many a lament/uncertainty from other holders. If I'm still reading this right, the deal also appears to leave the median to longer term situation in a possible (or should it be more accurate to say probable?) higher cash flow rate per share which would result in a higher dividend per share in future periods. Such being correct this may translate into a higher SP accordingly. From my present perspective, this would not be displeasing at all.
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Last
$27.14 |
Change
0.200(0.74%) |
Mkt cap ! $51.53B |
Open | High | Low | Value | Volume |
$27.08 | $27.33 | $27.05 | $74.94M | 2.757M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11000 | $27.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$27.17 | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11000 | 27.140 |
4 | 11664 | 27.130 |
1 | 16231 | 27.120 |
3 | 5403 | 27.110 |
21 | 30152 | 27.100 |
Price($) | Vol. | No. |
---|---|---|
27.170 | 5000 | 1 |
27.190 | 36 | 1 |
27.200 | 216 | 1 |
27.240 | 300 | 1 |
27.250 | 1000 | 1 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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