FFG Announcement: Which company on the ASX pays a 33% in-specie dividend to shareholders?

Niv Dagan

Peak Asset Management

Good Afternoon, I normally don’t put a specific news announcement during the day, unless I thought it was important and price sensitive FFG have just now announced that their upcoming icandy IPO will be closer to $40M vs. $18M first thought…. Now……….. FFG’s current market capitalization is ~ $32M Given that FFG will receive ~ $35M of icandy shares, that would mean that FFG’s market capitalization post listing should be closer to $67M (a 100%+ increase in the stock price)………. In addition, FFG Shareholders will receive an in-specie dividend, equivalent to a 33%....... Which company do you know pays shareholders a 33% dividend??? BHP? NAB? WPL? RIO? CSL? No! That is quite impressive, I may add…. This doesn’t include the other 12 companies that are on FFG’s “umbrella”, including Dressable, RajiPremi etc So how do we get exposure to the stock? Sure, you can buy FFG stock outright on market now… Or, for those that don’t want to “tie up their capital”, you can also buy the options FFGO (which are trading ~ 2.5 cents) to get the same exposure.


Niv Dagan
Niv Dagan
Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment
Elf Footer