CLE 0.00% 0.1¢ cyclone metals limited

the best stock to buy on monday, page-2

  1. 328 Posts.
    Why do you think this flurry.
    After reading the latest announcement I feel there is a major incentive to become and remain a shareholder to collect on the $$ being returned to shareholders and the intention to pay an unfranked dividend.

    The calculations I have worked out so far, and please feel free to correct me anyone is:

    Shares 320,512,270
    special distribution to SH $37,700,000
    poss. franked dividend $ 62,300,000

    works out at around $3.23 per share

    I'm not sure if they are including the payment for option holders so I guess that figure can be lower for option holders that excercise to collect.


 
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