At the November meeting of Investment we examined the marked downturn in the Share Market during October 2018. We noted that there had been two distinct times, in the middle and also at the end of October where the Australian market followed the US lead and fell by nearly 3% in a day. Overall for October the All Ordinaries index fell by 8.2% and was at its lowest point for 2018 at the end of October.
Our second topic for the afternoon was the Buy Back of Rio Tinto shares which opened on October 9 and ran until November 9 2018. We examined how the Tender Price is calculated, and discussed what is meant by a Minimum parcel of shares for buying back as well as special conditions of the Buy Back. From understanding these terms it will be easier for members of the group to assess other Buy Backs in the future and whether they want to participate or not.
The final topic of the afternoon was the demerger of Wesfarmers which will be voted on by their shareholders in November 2018. Wesfarmers are a relatively popular share and the demerger of Coles from the conglomerate has caused quite a deal of interest.
Margaret Jenkins
Our second topic for the afternoon was the Buy Back of Rio Tinto shares which opened on October 9 and ran until November 9 2018. We examined how the Tender Price is calculated, and discussed what is meant by a Minimum parcel of shares for buying back as well as special conditions of the Buy Back. From understanding these terms it will be easier for members of the group to assess other Buy Backs in the future and whether they want to participate or not.
The final topic of the afternoon was the demerger of Wesfarmers which will be voted on by their shareholders in November 2018. Wesfarmers are a relatively popular share and the demerger of Coles from the conglomerate has caused quite a deal of interest.
Margaret Jenkins
