Well written. A very balanced summary. I would just add the tax credit is $4.2m (current assets) + $5.7m (non-current assets). Dusk is unlike other retailers as this will unwind in Dusks favour. Its a secret weapon up there sleeve and is why the cashflow statement doesnt match the P&L for tax. Sneaky but brilliant as they work on instalments. This is $10m at the stroke of a pen to boost EPS and REAL cash earnings. They have over provisioned tax! Finally the $16m franking credits is very real. Any takeover of Dusk the acquirer would get a $16m franking credit which is worth 26 cents a share ALONE. Investment Banks put Franking credits into the EV when calculating what the equity contribution would need to be if a party takes out the company.
What's it worth ?, page-4
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Last
$1.17 |
Change
0.020(1.75%) |
Mkt cap ! $72.54M | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.17 | $1.14 | $136.5K | 119.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 33109 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 7877 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| DSK (ASX) Chart |