IFT - Infratil

[see weed]

They prefer to hold a controlling interest in companies, so not too surprising. Wonder what they plan to do with the cash though..

$273,931,168.53c = .487c per share = special div. in June? Will find out on 18/5/17. Not to worried about a special div. but look forward to normal div. in a few weeks.

[huxley]

$273,931,168.53c = .487c per share = special div. in June? Will find out on 18/5/17. Not to worried about a special div. but look forward to normal div. in a few weeks.

Ha, that would be a surprise!

I think the guidance they gave was 9-10 cents. Probably no DRP.

[see weed]

Ha, that would be a surprise!

I think the guidance they gave was 9-10 cents. Probably no DRP.

Then 9c+48.7c= .577c div. Where would sp go if they declared a 57c div....$3.50c?.

[huxley]

Then 9c+48.7c= .577c div. Where would sp go if they declared a 57c div....$3.50c?.

True, but since they'd be handing our capital back to us, in the form of a dividend, the sp would crash pretty swiftly on the ex date.. Do Mco charge fees based on FUM? They might view your proposed transaction as being against their interests lol!

[couta1]

Ha, that would be a surprise!

I think the guidance they gave was 9-10 cents. Probably no DRP.

Would be happy with 10c, and the very good chance of a special seems they are flush with cash after the MetLife selldown. Disc- Accumulating for a winter divvy strip. PS-Would also be happy with a wee special, say 5c.

[blockhead]

Would be happy with 10c, and the very good chance of a special seems they are flush with cash after the MetLife selldown. Disc- Accumulating for a winter divvy strip. PS-Would also be happy with a wee special, say 5c.

What methodology do you use for the divy strip Couta, eg, (1) do you buy now get the divy and sell, (2) do you buy now, buy the divies value extra when you know what it is and then sell after receiving the divy, (3) Buy now and sell into the (hoped for) rise when divy is announced, (4) another cunning scheme ?

[couta1]

What methodology do you use for the divy strip Couta, eg, (1) do you buy now get the divy and sell, (2) do you buy now, buy the divies value extra when you know what it is and then sell after receiving the divy, (3) Buy now and sell into the (hoped for) rise when divy is announced, (4) another cunning scheme ?

Number 1 it is, unless it goes up some extrodinary amount before it goes Ex and then it would be Number 3.

[artemis]

What methodology do you use for the divy strip Couta, eg, (1) do you buy now get the divy and sell, (2) do you buy now, buy the divies value extra when you know what it is and then sell after receiving the divy, (3) Buy now and sell into the (hoped for) rise when divy is announced, (4) another cunning scheme ?

There is also the situation where a div will push the holder into a higher tax bracket. Especially if the holding is substantial. In that case, it is worth doing the sums to see if it is better to take an untaxed capital gain. That would be more like your #3 but with a different driver.

[777]

There is also the situation where a div will push the holder into a higher tax bracket. Especially if the holding is substantial. In that case, it is worth doing the sums to see if it is better to take an untaxed capital gain. That would be more like your #3 but with a different driver.

Investment decisions on tax rates. Now I've heard it all.

[artemis]

Investment decisions on tax rates. Now I've heard it all.

Usually a short term measure, and I only suggest do the sums. For example, a pensioner with a mil in say AIA and no other income.