RE: Special divi - better off or not?19 Aug 2022 17:13
So the special Div & consolidation is essentially a buyback. But rather than buying on the open market, it’s a compulsory buyback from all shareholders. As for value, my calc is this; NWG are buying 1/14 of my shares off me, or 7.14%. In exchange for that they are offering me 16.8p per share. Dividing 16.8p by 7.14% gives me a value of 235p. Given the current market value is 260p, I don’t consider this to be a good offer.