Indeed, with the SP bouncing along bottom like it is now, it’s difficult to see how anyone c. . ..ould find enough value in the offer to accept a discount of greater than 0%.
Remembering that those franking credits will take a further 6-8 months to appear in your account. By which time, the WBC share price will probably be up by 10%, making the exercise of selling and buying back pointless.
I look forward to seeing how this whole ugly mess unfolds.
For a laugh, check out the buyback application form. The highest “minimum price” you can select is $18.50. Assuming a VWAP of $22 and applying the max discount of 10% results in a price of $19.80. In other words, there is no way the buyback price can ever get close to even the highest “minimum price” you can select thus that option is entirely pointless.
Their work experience genius who designed that form didn’t have a clue. Starting to feel this is a common thread all the way up their chain of management.
Ann: Westpac announces $3.5 billion off-market share buy-back, page-881
-
- There are more pages in this discussion • 120 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WBC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$31.80 |
Change
-0.540(1.67%) |
Mkt cap ! $109.5B | |||
| Open | High | Low | Value | Volume |
| $32.00 | $32.00 | $31.65 | $239.6M | 7.523M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120044 | $31.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.86 | 15000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| WBC (ASX) Chart |