Can you please explain the 48.5c dividend (I get that it relates to 20c franking credits value in the announcement) but my question is how is SWL going to get funding to pay a 48.5c dividend that's $40m! Also wouldn't the ATO look at this closely and potentially provide a ruling that the huge dividend to unlock franking credits is over what they might call typical business and thus the entire benefit of 20c franking credits might be incorrect if the ATO says it's capital gain not dividend in nature? Just saying management don't seem overly experienced and I doubt they will have an ATO tax ruling as the bid isn't accepted nor is the Scheme implemented so at this stage 20c extra benefit for super funds above 65 years old is a pipe dream. The 60% of stock that insiders control means the deal is likely done if they want it sadly. If you own shares in a personal name i'd be getting out at current prices!!!
SWL Price at posting:
$1.23 Sentiment: Sell Disclosure: Not Held
