I agree with your thinking. This would entail a 2c base dividend and a 2c special dividend for this half year.
A spin-off of Southdown into a new ASX-listed entity would be the best outcome for all of us. Sell 40% to a new equity partner which would capitalize the new entity and provide us shareholders with pro-rata shares (30% participation) of the new ASX-listed entity. Then, there would finally be a price tag on SD and the market could value it separately.
Siemens and many other blue chip companies did that with their separate business entities (Osram, etc.) and it increased the overall value by a lot.
I agree with your thinking. This would entail a 2c base dividend...
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Last
37.5¢ |
Change
0.010(2.74%) |
Mkt cap ! $434.0M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 36.8¢ | $355.7K | 952.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29999 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 61833 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |