0.17 is
Theoretical Ex-Rights Price of the placement last year.
That's pretty much the rolling average and baseline of the stock.
The only thing that will make it move is the resumption of dividends, a buy back program, a merger, or a takeover.
June 29th is when this will likely be announced.
I'm hoping for all four!
- An effective takeover by Vocus at a higher valuation multiple than today's market price
- Sky being merged into a new company with Vocus.
- A buy back program announced from a small a portion of the free cashflow
- A modest dividend declared.
But in any case I'll probably cash up and leave it to Kiwi Saver providers to ride it out long term.
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