In today’s briefing:
- FTSE TWSE Dividend+ Dec 22: Confirmed Index Changes and Revised Capping Flow Expectations
- Warrego (WGO AU)’s Rinehart V Stokes Takeover Tussle in Full Swing
FTSE TWSE Dividend+ Dec 22: Confirmed Index Changes and Revised Capping Flow Expectations
- The index changes for the FTSE TWSE Taiwan Dividend+ Index for the December 2022 index review were confirmed after market close on Friday 2nd December 2022.
- There will be 26 ADDs and 5 DELs which are mostly in line with Quiddity’s expectations.
- In this insight, we take a look at our revised expectations for capping flows taking into account the confirmed index changes for the December 2022 review
Warrego (WGO AU)’s Rinehart V Stokes Takeover Tussle in Full Swing
- Beach Energy (BPT AU)’s revised offer of A$0.25 per share was quickly gazumped by Hancock’s revised off-market proposal of A$0.28 for Warrego Energy (WGO AU). All other terms remain unchanged.
- Speculation that Strike Energy (STX AU) would also be a takeover target has resulted in its all-scrip offer rising to A$0.248 per share (at last close).
- Expect another round of the takeover battle as the bidders are well capitalised and the strategic importance of Perth Basin as Australia’s premier onshore basin.
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