I thought I would start another thread expressing my opinion on...

I thought I would start another thread expressing my opinion on the advantages of a dividend reinvestment plan for NEU .
1. The company has over $80 million dollars in franking credits locked up .
2. The normal discount on dividend reinvestment plan is between 1and 5%.
3. What I am suggesting the company consider a special once off dividend to use the franking credits and give the shareholders the opportunity to get a cash dividend or dividend reinvestment plan at say a 2.5% discount to the current price .
4 Based on today’s price of $15.17 the discount would be approx 37 cents so the shares would be issued to the shareholders at $14.80 .
5.Shareholders would unlock the franking credits and tax would be mostly paid on the dividend.
6.I for one would reinvest my potential dividend in NEU and not take the cash .