AMA 0.71% 70.0¢ ama group limited

drp schemes very dilutive in recession

  1. 1,664 Posts.
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    Bionic yours is an overly negative header so thought I would distract things for readers

    I have dilemma with DRP schemes with prices down so much, not only for AMA but others at the moment.

    AMA classic case to review=

    Final div. 2.1c, weighted av for 7 days to 7/11/08 6.9cents, reduced to 6.4c because of 7.5% discount with DRP

    COMPANY SHARES ISSUED 134,466,250
    DIVIDEND VALUE therefore $2,823,791
    EQUIVALENT NUMBER OF SHARES 44,294,000 if paid by shares [$2.8M / 6.4C]

    This is a 33% dilution arising from sudden drop in SP



 
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