Question of the Week

Questions of the Week

Co-founder of the Switzer Report
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Question 1: Has the price for the Westpac Share Purchase Plan been announced? Is it too late to withdraw my application?

Answer (by Paul Rickard): Yes, the application price will be $24.20. This is based on the trading of Westpac shares on the ASX over the period 26 November to 2 December, less a 2% discount. If you do want to withdraw your application, you must lodge a request by 5pm (Sydney time) on Friday 6 December. Next week, Westpac will announce details of the allotments, and any scale back.

Question 2: What is your view on Longtable (LON). I have held shares for a year. Do you think it will bounce back in the near term?

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