To answer Geeris's Question seeing Archer is in Research & Development they do get alot of tax $ back from the Government. They have always been conservative with there cash burn and the the Research and Development Initiative does help alot to slow their cash burn ....Last refund I think was around the $ Mill mark.
" How much is the R&D Tax Incentive? Starting from 1 July 2021, companies with under $20 million aggregated turnover will receive the refundable R&D tax offset equal to the corporate tax rate plus an 18.5% premium. For example, if the company tax rate is 25%, the R&D Tax Offset rate would be 43.5%."
AXE Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held
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