I expect International Borders to be open by Xmas this year as NZ and Worlds vaccination rate will be around 80%-90% or better
Message is get vaccinated or stay home as this will be last lockdown, everyone needs to decide quickly.
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http://nzx-prod-s7fsd7f98s.s3-websit...730/352778.pdf
Announcement of Ampol's conditional takeover offer made on 23rd August so 4 weeks due diligence will end on Monday, 20th Sept.
Guess the Ampol team will be burning the midnight oil over the weekend with a view to making a final offer on Monday or next week then.
Yes, this is the time to get out now before 5pm this afternoon if you think the deal will fall over. On the other hand, this is the time to get in before 5pm if you think the deal will be made:confused:. I am going to hold for now, but if a lot of sellers at close then might pick up a few more on that closing weakness.
Our Covid lockdowns has given $3.78 a lot of credence, and may end up as the final figure. Plus a final dividend.
https://www.afr.com/street-talk/ampo...0210919-p58sxp
Looks like deal is ready to move to next stage - negotiations on payment of dividends by ZEL in the event of regulatory delays.
Good on them for looking after shareholders. MET shareholders got stabbed in the back by their own directors with not only the takeover price but the complete absence of dividends during the prolonged takeover process. If one company takes over another it should get the company itself, not the accrued earnings in between when the deal is originally proposed and when it finally settles which can be many, many months later. Any director that thinks otherwise should be deeply ashamed of themselves including the entire former MET board.
I want my interim dividend later this year, tell AMPOL to get stuffed in they think they can get.
looks like the smart money bailed judging from the share price movement.
if ampol bails next week i see a under $3 share price again
Sounds good to me, $3 or under. Good div yld at over 7%, and would buy more for that reason. Go the gas gobblers, evs are bad for the planet, they might find a vaccine for the ev pandemic. Most of the greens would agree with me, they drive petrol cars, catch jet planes, and buy plastic things from $2 shop and WHS:D
no im out now , having brought much lower profit in the hand is much better than gambling on a takeover outcome
the proposition was sell in the 3.50's or wait and hope for an extra 25c odd + a div maybe vrs if the takeover fails loss 50c + maybe if takeover failed. its obvious from my position take the money and find other opp's was a better proposition than wait and hope
hardly simple maths in regards to risk explains why it was better to sell if you brought under 3
ampol and z be arguing over div payments because z paying them out now reduces the valuation ampol will want to pay. if they go ahead with the deal it be because allowing z to pay you a div in the interim will be the sweeten offer from ampol