SWF - SelfWealth Limited

[So_Cynical]

6 years listed and trading at 11 CPS and not a single dividend, besides the late 2020 run up the stock/business has done nothing..

 

[frugal.rock]

6 years listed and trading at 11 CPS and not a single dividend, besides the late 2020 run up the stock/business has done nothing..

Done nothing?
That's not fair.
They rejected a takeover offer from spark or stake or something, I think.

 

[frugal.rock]

Will they be doing something now?

ASX Announcement
13 November 2024

Non-binding indicative proposal from Bell Financial Group
at $0.22 per share and entry into Exclusivity Deed

SelfWealth Ltd (ASX:SWF) (“Selfwealth”) announces that it has received a non-binding indicative proposal from Bell Financial Group Limited (ASX:BFG) (“Bell”) to acquire 100% of the shares in Selfwealth for $0.22 cash per share, with a Bell scrip consideration alternative at Selfwealth shareholders’ election, by way of a scheme of arrangement (“Bell Proposal”).

 

[Knobby22]

Will they be doing something now?

ASX Announcement
13 November 2024

Non-binding indicative proposal from Bell Financial Group
at $0.22 per share and entry into Exclusivity Deed

SelfWealth Ltd (ASX:SWF) (“Selfwealth”) announces that it has received a non-binding indicative proposal from Bell Financial Group Limited (ASX:BFG) (“Bell”) to acquire 100% of the shares in Selfwealth for $0.22 cash per share, with a Bell scrip consideration alternative at Selfwealth shareholders’ election, by way of a scheme of arrangement (“Bell Proposal”).

View attachment 187833

I think this will be hard to resist and they aren't.
BFG are like Selfwealth except much more successful and technologically advanced.

 

[divs4ever]

would have been nice IF i had bought some ( SWF ) yesterday and then accept the scrip deal

i hold BFG

but , it looks like i missed that one

 

[Ferret]

AXI have trumped BFG's 22c offer with a 23c bid. Nice for SWF holders.

BFG had a good rise yesterday and I'm surprised it didn't drop today. What looked like a good deal may not happen now, or is going to cost more.

 

[Dona Ferentes]

AXI have trumped BFG's 22c offer with a 23c bid. Nice for SWF holders.

and getting tastier.

Bell Financial Group has sweetened its offer to buy Selfwealth to 25¢ a share, from 22¢.

Selfwealth has entered into a scheme implementation deed with Bell and the board unanimously recommends the offer.

 

[System]

On May 8th, 2025, SelfWealth Limited (SWF) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between SWF and its shareholders in connection with the acquisition of all the issued capital in SWF by Svava Pte Ltd, the holding company of the Syfe Group.