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Didnt like the name - changed it to Muse
Was it pronounced "Fiordland Muse" all along :ohmy:
Received the letter from waf wonder anyone would sell as the share price is already over the offer price ha
Waf hungry for more. Even buying on market at 72c
Got another 2%. Up to 18.7%.
http://nzx-prod-s7fsd7f98s.s3-websit...690/403537.pdf
Let’s see if waf is known in advance that on November are we expecting some kind of dividends
I sure hope with WAF's ~20% gobble together with the new MD's purchase that, together w/ normal course of business trading, doesn't breach the shareholder continuity test anytime soon and forgo the massive tax losses available. Likewise, that the pivot to asset mgmt doesn't breach the business continuity test for retaining tax losses. I presume not, and can't be bothered to check, but would be a pity if those tax losses were lost.
https://www.ird.govt.nz/income-tax/i...losses-forward
@golden city I wouldn't count on dividends soon. I'd prefer it if ALF debt funded the acquisition of other rural asset firms and used the tax free cashflows to paydown debt. Then do the odd debt funded stock buybacks and capital returns, and when all that was done, maybe then start paying unimputed divvies.
Wonder when a director from WAF joins the Board.
I hope they could find good acqusition opportunties ,maybe getting back on rural estate agency business
Waf will be very happy almost accomplished what they wish for