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WOW $30.99

very very nice

  1. fludy

    1,058 Posts.

    WOW has come up with a very good report.

    Profit up

    dividend up


    This buyback looks like money for jam but although you dont know what the final price of % bought back will be
    it looks a good little earner. Two years ago WOW
    bought back 250 shares + 10% of the balance except
    that it bought all your holding if you would have been left with an unmarkatable holding.

    Therefore I suggest buying 350 WOW.

    Assuming a 10.00 dollar buyback price (it could be lower or higher)

    $2.88 capital refund

    $10.00 - 2.88 = 7.22 fully franked dividend

    Franking credit 7.22 *3/7 approx

    Tax loss 11.00 - 2.88 = $8.22

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