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1.2¢ otto energy limited

How Much Will We Get., page-6

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boysy1

9,320 Posts.

770

15/08/23

18:30

Post #: 69353965
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Originally posted by gdn001 ↑

Tax losses may contribute, and they certainly would have marketed Otto to most mid-cap Australian O&G companies, but I can't see tax losses playing a (significant) role, therefore they are most likely worthless, or worth a very modest amount at best, imo.
Specifically,

the most likely high bidders are unlikely to be able to use Australian tax losses

the ATO can disallow the tax losses if they deem a transaction is in part to gain a tax advantage.

Otto could sell some assets, and keep some assets, but the less assets kept, the more likely the ATO would disallow the tax losses.

In addition, I believe that if Otto sells the USA corporate entities which hold each asset for more than book value, profit/gains in Australia and would use some/most/all tax losses.
We can always dream that all losses are used, and we have to pay some tax

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Are they not accumulated tax losses in the states to the tune of USD$78M ?
OEL Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $57.54M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	153229	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	2241274	6

View Market Depth

No.	Vol.	Price($)
2	153229	0.012
14	16724060	0.011
6	8650000	0.010
1	500000	0.009
1	125124	0.008

Price($)	Vol.	No.
0.013	2241274	6
0.014	9717355	11
0.015	4305776	7
0.017	233300	1
0.019	1500000	1

Last trade - 10.06am 06/11/2024 (20 minute delay)

OEL (ASX) Chart

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