Incitec Pivot Ltd T.IPL

RE:RE:Lost Divy

[Quintessential1]

The good news now though is that the remianing IPL shareholders' dividends are helping the pay the HPC finishing costs.

The extension of the BIPC offer for 10 days was announced and required by law but it was always only going to be 10 days.  BIPC even warned that shreholders that clung to their IPL shares may be stuck in limbo for quite awhile.  

The ongoing comparrisions of the offers between BIPC and PPL  is asinine as no one can predict what the markets reaction to PPL aquiring IPL would have been.  Right now PPL shares are outperforming BIPC shares as PPL took on none of IPL's debt.  I have faith in the IPL assets bringing BIPC shareholder's increased value in 2022.  Will it exceed PPL's?  Time will tell.

Evenetually BIPC will exchange all IPL shares for BIPC shares and probably at the originally offered ratio of  1 to 250 (it works in their favour over proration and cash right now),  The only thing the IPL stragglers will miss out on is the dividend and it really isn't that much. Looking forward to seeing all that held on the BIPC board.  It should be an interesting ER this quarter.

Oldfart74 wrote:

 

alkhor wrote: I put in a complaint to the ASC as ther new Board of Directors decided to cancel the dividend, This new board are four Brookfield appointees and three old board members, Clearly it is a conflict of interest as cancelling the Dividend favours Brookfield. Board members are supposed to look after the interest of all shareholders. When they pull (word deleted) like this, it is obvious the shareholders be damned as long as Brookfield benefits.

Nothing like an uniformed investor filing a ridiculous claim and wasting the time of the ASC. The dividend was not canceled - it was suspended. Every month the IPL board would vote to declare a dividend - after Brookfield acquired control, the reconstituted board decided not to declare any further dividends. With regards to the change in board members, this is the process followed in all takeovers - nothing unusual. In any event, after October 28, you will no longer be a shareholder of IPL.