From my calculations (please post if anyone gets different numbers=, DXL looks like a better way to buy IPL at the moment prior to the scheme being implemented.
If IPL stays between 130 and 140 (dxl 2.42), I calculate DXL will give 8% -> 12% return whereas IPL bought at these levels will give only a few points.
DXL outperforms IPL all the way up to around $158 a share for IPL (dividend and non-dividend scenario). Above that IPL starts looking better % wise.
Downside risk is that the deal doesn't happen, in which case DXL SP would probably drop 10-20% and IPL would increase. The 126.96 VWAP trigger for IPL looks safe for now.
Anyone else crunch the numbers? Keen to see what people think.
scheme of arrangement
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Last
$2.90 |
Change
0.000(0.00%) |
Mkt cap ! $5.632B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $2.92 | $2.88 | $9.365M | 3.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8848 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 220350 | 11 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IPL (ASX) Chart |