Look at the numbers Debra - you lost us money., page-33

First 33 Last

Share
Profile

Follow
mrriesq

882 Posts.

71

20/04/24

23:53

Post #: 73441284
Share

Originally posted by MirCat: ↑

This return was also as a result of divestment by Wesfarmers.
Passive investors got a raw deal from the AMP board
Return of capital
What is the capital component?
The distribution was entirely capital in nature. The Wesfarmers Dividend Investment Plan did not apply to the return of capital payment.
Why return capital this way?
This method was seen as the most equitable way of returning a portion of surplus capital in cash to all shareholders. As Wesfarmers has a high dividend payout ratio and distributes, where possible, available franking credits, a return of capital was seen as the most efficient distribution of capital to shareholders.
The return of capital demonstrated Wesfarmers' commitment to efficient capital management and its focus on providing a satisfactory return to all shareholders.
What will happen to the number of shares I hold?
There was no share consolidation as part of this capital management initiative and the number of Wesfarmers shares held by shareholders was not affected by the return of capital.
Is there a dividend component?
There was no dividend component as part of this capital management initiative.

How will the capital return be funded?

The return of capital was made possible by the Wesfarmers Group’s continued strong cash flow generation and the receipt of approximately $4.3 billion in proceeds from the sales of a number of assets during FY2018 to FY2020. These included the divestment of Wesfarmers’ interest in the Bengalla coal mining joint venture, Curragh coal mine, Kmart Tyre & Auto, Quadrant Energy and 10.1 per cent of Wesfarmers’ post-demerger 15 per cent shareholding in Coles.
The return of capital was funded by a combination of Wesfarmers’ available cash balances and existing debt facilities. The proportion of funding from each source was determined having regard to the most cost-effective source of funding available as at the date of payment.

Expand

You do know most of the Top-20 AMP shareholders are "passive" investors, right?

AMP Price at posting: $1.09 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

There are more pages in this discussion • 1 more message in this thread...

First 33 Last

Add AMP (ASX) to my watchlist

(20min delay)
Last $1.05		Change -0.005(0.47%)		Mkt cap ! $2.799B

Open	High	Low	Value	Volume
$1.05	$1.06	$1.05	$6.743M	6.418M

Buyers (Bids)

No.	Vol.	Price($)
7	60472	$1.05

Sellers (Offers)

Price($)	Vol.	No.
$1.05	34406	1

View Market Depth

No.	Vol.	Price($)
3	57026	1.045
23	403192	1.040
9	189656	1.035
8	298275	1.030
3	171070	1.025

Price($)	Vol.	No.
1.055	153126	6
1.060	159721	17
1.065	166701	7
1.070	386299	20
1.075	266952	15

Last trade - 16.10pm 19/06/2024 (20 minute delay)

AMP (ASX) Chart

Look at the numbers Debra - you lost us money., page-33

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Look at the numbers Debra - you lost us money., page-33

Top Stories

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News