IWI international wine investment fund (the)

iwi-did everyone catch the nta on the takeover of

  1. 69 Posts.
    In an ASX announcement today IWI, notified the market of its Net Tangible Asset position, as of 20/01/03 based on a $10.50 takeover price for BRL.
    The figure was $3.95 per unit pre tax.
    The Wine fund is not a taxable entity thus the unitholders pay any Capital Gains Tax.
    Currently IWI which holds almost 11% of BRL shares on issue, plus an option to increase the holding by another 2%, is only trading at $3.13 at the moment.
    This is a significant discount for a near cash conversion of their investments.
    Also there is a rumour of a further counterbid above $10.50 to come.
    There must be significantly more upside, and virtually no downside at these levels.
    Do your own research. Only 58 million shares on issue.
 
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Currently unlisted public company.

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