I have a theory. With the $3M + super changes with a 15% tax on unrealised gains (in 2025 if Labor wins and it passes the Senate unchanged), 30% franked dividend shares with growth are going to be very attractive for the 80,000 funds with more that $3M. Gut feeling is some HNW's have twigged and are building a position in FID. I'm certainly going to buy more on any weakness as a strategic defense. Reason is tax on unrealised gains means you don't have the cash from selling but the franking credits can be set against the tax on the unrealised gains.
8% Franked up dividend yield, page-17
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Last
$7.45 |
Change
-0.150(1.97%) |
Mkt cap ! $234.5M | |||
| Open | High | Low | Value | Volume |
| $7.56 | $7.65 | $7.41 | $21.33K | 2.822K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $7.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.65 | 1877 | 1 |
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| Last trade - 15.54pm 05/07/2024 (20 minute delay) ? |
| FID (ASX) Chart |