"Franking Credits attached to special dividend take the effective value just above the $9.15."
Thanks for the reply, but I now feel like the Irishman who was shown a row of shovels and told to take his pick. Confused.
I cannot reconcile the numbers in the offer booklet with your effective value figure of $9.15.
As I understand it, the cash consideration, at current exchange rates, is circa A$8.81 as stated in the booklet.
The company will probably elect to pay a special dividend of $0.39, but that will be deducted from the cash consideration, in which cash the total cash consideration is still $8.81.
Franking credits of circa $0.167 will attach to the dividend.
However, $8.81 plus 0.167 only adds up to $8.977.
Your estimate of the total effective value of the offer of $9.15 makes better sense of the current market price, but I cannot see how you are getting to that figure.
I expect that I must be being particularly obtuse but what am I missing?
Cheers
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Last
$9.70 |
Change
-0.050(0.51%) |
Mkt cap ! $16.79B |
Open | High | Low | Value | Volume |
$9.73 | $9.77 | $9.65 | $22.52M | 2.317M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $9.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.70 | 21565 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 113158 | 10.670 |
1 | 237586 | 10.500 |
1 | 6652 | 10.270 |
6 | 53300 | 10.240 |
6 | 6009 | 10.190 |
Price($) | Vol. | No. |
---|---|---|
8.730 | 570 | 1 |
9.020 | 24444 | 1 |
9.030 | 195 | 1 |
9.200 | 3295 | 1 |
9.210 | 69762 | 10 |
Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
$9.69 |
  |
Change
-0.050 ( 0.53 %) |
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Open | High | Low | Volume | ||
$9.75 | $9.77 | $9.66 | 540291 | ||
Last updated 15.59pm 01/05/2024 ? |
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