There is one problem with an asset sale vs company sale that hopefully the players have thought about.
As of last years annual report the company had non-current assets of $27m. If we then go and sell Karlawinda for say $80m in line with your estimate, are we liable for tax on a $53m "gain"? The company does have accumulated losses of $17m but can that be allocated towards a capital event rather than income generated from operations?
Therefore would we pay corporate tax of 30% on full "gain". If so that takes about $16m off the valuation and leaves cash to return to shareholders only 10-15% above current MC levels. Not a lot of bank to be made?
I am not an accountant, so if any on here would like to throw their 2c in that would be much appreciated. Above is all just my opinion and musings.
- Forums
- ASX - By Stock
- CMM
- Ann: Results of Meeting
Ann: Results of Meeting, page-85
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CMM (ASX) to my watchlist
(20min delay)
|
|||||
Last
$5.75 |
Change
-0.055(0.95%) |
Mkt cap ! $2.174B |
Open | High | Low | Value | Volume |
$5.82 | $5.85 | $5.74 | $756.4K | 130.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1021 | $5.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.75 | 322 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1256 | 5.760 |
8 | 3361 | 5.750 |
8 | 6337 | 5.740 |
10 | 23531 | 5.730 |
7 | 3169 | 5.720 |
Price($) | Vol. | No. |
---|---|---|
5.770 | 905 | 7 |
5.780 | 4522 | 13 |
5.790 | 10192 | 13 |
5.800 | 5532 | 6 |
5.810 | 2948 | 6 |
Last trade - 10.58am 03/10/2024 (20 minute delay) ? |
Featured News
CMM (ASX) Chart |