From a company that paid a special dividend of $1.00 in 2014 to a company that has the current dividend fully underwritten to preserve cash.
??? any comments?
I am quite surprised. This sort of design would normally raise eyebrows - me thinks. One may wonder what the pressing need would be to preserve $33mio. In effect, ARB pays dividend out of the issue of new shares (i.e. the ones sold to Taylor Colison).
There are a number of thoughts:
1) Take the cash dividend and your share is diluted
2) ARB issuing new shares at historic high levels
3) Take up the DRP and acquire the shares at historic high levels, and you remain undiluted
4) very smart capital management on behalf of ARB, fantastic timing
5) What are the $33mio needed for? - It cannot be needed for keeping ARB ticking over in lean times. I can only venture that it is expansion, or acquisition
DYOR
Until I understand this better, my sentiment is none.
- Forums
- ASX - By Stock
- ARB
- Ann: Underwriting of Dividend
Ann: Underwriting of Dividend, page-2
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARB (ASX) to my watchlist
|
|||||
Last
$42.48 |
Change
-0.430(1.00%) |
Mkt cap ! $3.497B |
Open | High | Low | Value | Volume |
$42.91 | $43.24 | $41.83 | $6.811M | 160.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 289 | $42.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.54 | 1001 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 289 | 42.380 |
2 | 522 | 42.260 |
1 | 479 | 42.240 |
1 | 23 | 42.230 |
2 | 1302 | 42.180 |
Price($) | Vol. | No. |
---|---|---|
42.540 | 1001 | 3 |
42.580 | 1228 | 3 |
42.590 | 479 | 1 |
42.620 | 641 | 1 |
42.650 | 479 | 1 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
Featured News
ARB (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online