GREY:CRIUF - Post by User
Comment by
constructionsiteon Apr 09, 2019 11:47pm
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Post# 29605110
RE:Quick calculation
RE:Quick calculationNo, KWH is already trading ex-div. If you buy today, you don't get the .21 dividend, which will be paid out the sooner of June 17th or 5 days after the closing of the deal, iirc.
However, buying today at 8.60 meanis you would get the .20 spread on the buyout purchase price, which was reflected in my previous post's calculations.
TheEgyptian wrote: Assume you buy the share for a total $1000 at $8.50, and assume the deal is closed in June. You make $8.8 - $8.6 + $0.21 dividend or $0.41 profit per share, that's 4.8% in 2 months. As long as there is some assurance that the deal will close, then this 4.8% is a good safe money better then the risk of other investment.