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.