Could give FBU a lesson in buybacks.....
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So they've recently paid $ 125m in performance fees, $ 72.5m in dividends and $ 36.5m in management fees, $234 in total and now have a capital raise for $300 m. But according to the Herald:
A spokesman for Infratil said the first instalment of the performance fee was only one third ($42m) with the balance being paid over the next two years, subject to meeting ongoing valuations.
"We were also comfortable paying the dividend as it was supported by underlying cashflows - and impending Tilt capital return of $179m - and therefore had no bearing on the equity raise,"
Must be all perfectly normal then.
T H lifted, wioll be very interesting where it trades,
$5.05 is the current match price. Dropping as market opening approaches.
$4.960 on opening
Hearing its been very heavily scaled back.
Just having a little smile to myself. Sold 10,000 on Monday for 5.19, will receive the div next. And get to buy them back at 4.76:t_up:.
Why did you sell, what was the plan?