08-19-2014, 09:24 AM
(This post was last modified: 08-19-2014, 09:25 AM by Dividend Watcher.)
Well, too much uncertainty regarding corporate structure, dividend policy and tax status.
I'm still mulling it over and waiting to hear more from management. It's already taken its big drop and expect it to trade around this new level so it's not a rush yet. I'll try and get some reading in today to become a little more informed.
Quote:The new company is expected to be listed in Australia and to have a secondary listing in South Africa. The spinoff company would probably seek to have American depositary receipts traded in the United States as well.
I'm still mulling it over and waiting to hear more from management. It's already taken its big drop and expect it to trade around this new level so it's not a rush yet. I'll try and get some reading in today to become a little more informed.
=====
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan