WAM’s takeover of Amaysim was largely due to its huge franking credits available to WAM to store up as future profit reserves to distribute as dividends for the future.
Do take note of WAM’s recent communication to the BOD of MYER in Sept 20 highlighting to them having sufficient franking credits to pay out a dividend of $118million fully franked. (link attached) I’m sure Geoff Wilson is salivating over this...
https://investor.myer.com.au/Investor-Centre/
If MYR’s results are better than expected and the share price moves up, great for shareholders. If performance is woeful given the ridiculous tailwinds other retailers have enjoyed and the share price tanks, I’m sure a takeover offer by WAM or Solly Lew/PMV would eventuate.
GLTAH
WAM’s takeover of Amaysim was largely due to its huge franking...
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Last
77.0¢ |
Change
0.005(0.65%) |
Mkt cap ! $640.5M | |||
| Open | High | Low | Value | Volume |
| 76.5¢ | 78.5¢ | 76.5¢ | $648.5K | 837.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 57759 | 76.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.5¢ | 23000 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MYR (ASX) Chart |