As you no doubt know, I always turn to the holiday forum for share investment advice. LOL.

OK, no I don’t, but this one is a bit tricky.

Woolworths (WOW) is offering to buy back its shares from existing investors. I can offer my shares to WOW at their price or at a lower price (10% to 14% less). They will buy back however many shares they want at the lowest price they can for a total cost to them of $2 billion..

This is their two page information flyer, https://www.woolworthsgroup.com.au/content/Document/Buy%20Back%202021/Buy-Back%20Infromation%20Flyer.pdf

Here is some independent advice. https://www.fool.com.au/2021/08/26/woolworths-asxwow-share-buyback-heres-what-you-need-to-know/

Do I take up their offer to buy back shares or not? If I don’t then from now on the profits will be distributed among fewer shares giving higher yield per share.

There was a class action court case against WOW for misleading investors that was settled for $44.5 million on 29 January 2021.

Looking at the ASX price chart now. Is this “fundamental” equal to price or is it loaded to include dividends as well?

I inherited the WOW shares in late 2014, so was not a happy chappy in 2016. But it seems to have recovered nicely now.

Any advice other than “don’t invest in the share market”. I know that already.

mollwollfumble said:

As you no doubt know, I always turn to the holiday forum for share investment advice. LOL.

OK, no I don’t, but this one is a bit tricky.

Woolworths (WOW) is offering to buy back its shares from existing investors. I can offer my shares to WOW at their price or at a lower price (10% to 14% less). They will buy back however many shares they want at the lowest price they can for a total cost to them of $2 billion..

This is their two page information flyer, https://www.woolworthsgroup.com.au/content/Document/Buy%20Back%202021/Buy-Back%20Infromation%20Flyer.pdf

Here is some independent advice. https://www.fool.com.au/2021/08/26/woolworths-asxwow-share-buyback-heres-what-you-need-to-know/

Do I take up their offer to buy back shares or not? If I don’t then from now on the profits will be distributed among fewer shares giving higher yield per share.

There was a class action court case against WOW for misleading investors that was settled for $44.5 million on 29 January 2021.

Looking at the ASX price chart now. Is this “fundamental” equal to price or is it loaded to include dividends as well?

I inherited the WOW shares in late 2014, so was not a happy chappy in 2016. But it seems to have recovered nicely now.

Any advice other than “don’t invest in the share market”. I know that already.

If they are offering market price or less, why not just sell them on the market?

The Rev Dodgson said:

mollwollfumble said:

As you no doubt know, I always turn to the holiday forum for share investment advice. LOL.

OK, no I don’t, but this one is a bit tricky.

Woolworths (WOW) is offering to buy back its shares from existing investors. I can offer my shares to WOW at their price or at a lower price (10% to 14% less). They will buy back however many shares they want at the lowest price they can for a total cost to them of $2 billion..

This is their two page information flyer, https://www.woolworthsgroup.com.au/content/Document/Buy%20Back%202021/Buy-Back%20Infromation%20Flyer.pdf

Here is some independent advice. https://www.fool.com.au/2021/08/26/woolworths-asxwow-share-buyback-heres-what-you-need-to-know/

Do I take up their offer to buy back shares or not? If I don’t then from now on the profits will be distributed among fewer shares giving higher yield per share.

There was a class action court case against WOW for misleading investors that was settled for $44.5 million on 29 January 2021.

Looking at the ASX price chart now. Is this “fundamental” equal to price or is it loaded to include dividends as well?

I inherited the WOW shares in late 2014, so was not a happy chappy in 2016. But it seems to have recovered nicely now.

Any advice other than “don’t invest in the share market”. I know that already.

If they are offering market price or less, why not just sell them on the market?

Having skimmed the 2nd link, it seems there may be some tax benefits from selling through this scheme. You’d probably need to consult a tax person to get good advice on that.

My inclination would be to wait until the sale was complete, then sell on market.

Australian shares are expected to dip on opening today as the price of iron ore continues to decline, while Wall Street indices spent most of the day in negative territory.
https://www.abc.net.au/news/2021-09-17/markets-wall-street-dow-jones-asx/100468964

Anybody wanna buy yellow stuff? ;)

The Rev Dodgson said:

Having skimmed the 2nd link, it seems there may be some tax benefits from selling through this scheme. You’d probably need to consult a tax person to get good advice on that.

My inclination would be to wait until the sale was complete, then sell on market.

Ta. That does make sense. I have no difficulty with capital gains tax because I made such a balls-up of capital losses in the past. And I haven’t claimed on my AMP share losses yet. I could write AMP share losses off against Woolworths gains.

Dark Orange said:

Anybody wanna buy yellow stuff? ;)

Is someone selling cake?

mollwollfumble said:

The Rev Dodgson said:

Having skimmed the 2nd link, it seems there may be some tax benefits from selling through this scheme. You’d probably need to consult a tax person to get good advice on that.

My inclination would be to wait until the sale was complete, then sell on market.

Ta. That does make sense. I have no difficulty with capital gains tax because I made such a balls-up of capital losses in the past. And I haven’t claimed on my AMP share losses yet. I could write AMP share losses off against Woolworths gains.

Dark Orange said:

Anybody wanna buy yellow stuff? ;)

Is someone selling cake?

Dark Orange said:

Anybody wanna buy yellow stuff? ;)

Is someone selling cake?

Safer than bitcoin. Or did you mean gold? Or Klimt?

mollwollfumble said:

Dark Orange said:

Anybody wanna buy yellow stuff? ;)

Is someone selling cake?

Safer than bitcoin. Or did you mean gold? Or Klimt?

Gold. I am looking to cast up some 23k dogecoin at some stage if that interests you :)

Dark Orange said:

Gold. I am looking to cast up some 23k dogecoin at some stage if that interests you :)

oops… 24 carat, not 24,000

I assume you have read their 33 page “buy back booklet”, Mr Fumble?

https://research.nabtrade.com.au/uploadhandler/z1d88e00az37862db8f9ef4e9a9914b30fde6b8adc.pdf

Woodie said:

I assume you have read their 33 page “buy back booklet”, Mr Fumble?

https://research.nabtrade.com.au/uploadhandler/z1d88e00az37862db8f9ef4e9a9914b30fde6b8adc.pdf

Perfect timing. I was looking for that link right now.

mollwollfumble said:

Woodie said:

I assume you have read their 33 page “buy back booklet”, Mr Fumble?

https://research.nabtrade.com.au/uploadhandler/z1d88e00az37862db8f9ef4e9a9914b30fde6b8adc.pdf

Perfect timing. I was looking for that link right now.

Hold it. The offer closed on the 15 Sept. I only received notification yesterday that it was available. !

The die is cast.

mollwollfumble said:

Hold it. The offer closed on the 15 Sept. I only received notification yesterday that it was available. !

The die is cast.

Read the “Import Dates” very carefully, Mr Fumble. No mention of the 15th Sept for anything. Note particularly 13th Sept & 15th October.

Woodie said:

mollwollfumble said:

Hold it. The offer closed on the 15 Sept. I only received notification yesterday that it was available. !

The die is cast.

Read the “Import Dates” very carefully, Mr Fumble. No mention of the 15th Sept for anything. Note particularly 13th Sept & 15th October.

15 October! Thanks for correction.