“ReNu Energy has carry forward tax losses of circa $250 million. The tax losses are able to be used to offset taxable income, subject to compliance with relevant legislation, thus increasing the equity returns for ReNu Energy shareholders.”
For every increase in revenue this becomes more relevant does it not.
At a point in the past I recall someone suggesting the value of this in SP terms.
2019 is going to be a good year
RNE Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held
