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URW - Unibail-Rodamco-Westfield

Discussion in 'Stocks Q-Z' started by nulla nulla, Jun 28, 2014.

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  1. nulla nulla

    nulla nulla Positive Expectancy

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    WDC was suspended from trading on the ASX on 25 June 2014. The restructured component of Westfield Group now trades as Westfield Corporation under the ASX tag "WFD". Long term I wouldn't be surprised to see WFD relocate to the U.S.A.
     
  2. nulla nulla

    nulla nulla Positive Expectancy

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    If you bought WDC for $10.63 in the week or so before the restructure, as at close of business on Friday 27 June 2014 for every 1,000 shares you held you are $589.50 better off plus the div of $262.50 ($0.2625 for each share held) that you will receive in August.

    Pre restructure:

    WDC 1,000 x $10.63 = $10,630.00

    Post restructure (close 27/6/14):

    WFD 1,000 x $7.17 = $ 7,170.00
    SCG 1,246 x $3.25 = $ 4,049.50 $11,219.50

    Capital Gain $589.50
    Dividend $262.50
    Total profit $852.00 or 8.01% for a few days hold.

    You gotta love the games these people play.
     
  3. Marko62

    Marko62

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    Hi everyone
    I bought WDC back in 2011/2012 for an avg price of $9.06. My question is how will capital gains be worked out, what price did i acquire them for and what date can i put in as WFD and SCG being acquired. Do i have to hold them for another 12 months before i am entitled to the 50% CG discount?
     
  4. skyQuake

    skyQuake

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    What a ride $10.01 bid from Unibail Rodamco
    - cash and shares
     
  5. AlexDrys

    AlexDrys

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    Thanks for flagging this. Including the dividends paid out, this was a profitable situation.
     
  6. Ferret

    Ferret

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    WFD closed up 6c today at 9.40. Just a little below the current value of the Unibail Rodamco cash and shares offer.

    Considering WFD was trading just below this level in April, it looks like a very small control premium.

    I hold and I don't see much value in this deal. Interesting to see how this will play out when it comes to the vote on the scheme of arrangement.
     
  7. System

    System Administrator

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    Westfield Corporation Limited and Westfield America Trust (which, together with WFD Trust, comprise
    Westfield Corporation) will be removed from the official list of ASX Limited at the close of trading on Friday, 8 June 2018, in accordance with Listing Rule 17.11, following implementation of the schemes in
    relation to the acquisition by Unibail-Rodamco of Westfield Corporation and the scheme in relation to the demerger of OneMarket Limited.
     

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