gucag006
Oct 19, 11:23 PM
$CRESY On 10/23/26, shareholders of both CRESY and IRSA will vote to approve the proposed dividends for both companies as, respectively, 116B pesos and 211B pesos. Convert that into dollar on a per ARS share basis, thery are, respectively,
$1.07 (116000/1524/70.93) and
$1.66. Since IRSA is 55% owned by CRESY, potentially, CRESY's ARS shareholders may get a dividend up to
$1.07 per ARS share plus either cash or IRSA stocks worth about
$1.07 (55%*211000/1524/70.93). BTW, the ARS shares outstanding for both CRESY and IRSA, respectively, 70.93M and 83.46M.
Folks, we will know by the end of this week, and my guess is about
$2.00 worth of dividends are heading our way for the CRESY ARS shares.
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