What happens if I don't accept?, page-4

First 4 Last

Share
Profile

Follow
1urker

30 Posts.

5

05/12/16

22:54

Post #: 21123650
Share

Originally posted by Mongrel ↑

CIMIC could delist anyway and make it an unlisted public company (any listed company can do this and it does not imply failure or otherwise), but they would need to show cause to ASIC/ASX and, even if allowed, the ASX may impose conditions. This is particularly true if there is still a reasonable shareholder spread that needs to be kept informed. H and A reports, AGMs and EGMs, and "keeping the market informed" are usually the conditions.

The beauty of being a minority shareholder is the parent company will want to maximise its income from its acquired subsidiary, but must treat minority shareholders the same - ie, the div yield usually goes up. I'm sticking to UGL in the hope that CIMIC does not get to 90%, DY increases, and a "mop up" offer will be made in the not too distant future.

Its worked for me before.

If they get to 90% and get compulsorily acquired, you really haven't lost anything except possibly an earlier payout. Well worth the gamble, imo.

Expand

To clarify, as CIMIC will hold a majority interest they would report UGL's profit less the minority interest. Dividends would only affect their cash flow and they may prefer to keep the cash in the business - UGL is not currently a cash cow.

UGL Price at posting: $3.15 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

OSL

OncoSil wraps up recruitment for key pancreatic cancer trial

NMG

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

I88

Infini Resources onto Phase 2 at Portland Creek after spotting 'widespread uranium'

DMP

Is Domino's a steal after -25% plunge?

THL

Tourism Holdings says Liberation Day tariffs smashed US RV demand

Trump chides Powell as Goldman call for calm. The RBA must be nervous

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

KGD

Kula picks up unexplored niobium play in Malawi, with surface samples logged

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

What happens if I don't accept?, page-4

Top Stories

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

OncoSil wraps up recruitment for key pancreatic cancer trial

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

Infini Resources onto Phase 2 at Portland Creek after spotting 'widespread uranium'

Is Domino's a steal after -25% plunge?

Tourism Holdings says Liberation Day tariffs smashed US RV demand

Trump chides Powell as Goldman call for calm. The RBA must be nervous

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

Kula picks up unexplored niobium play in Malawi, with surface samples logged

Featured News