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IWI 0.0¢

iwi-did everyone catch the nta on the takeover of

  1. JOGAN

    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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