Some lateral thinking ...
If the ATO does not play ball and the board really believe the shares are undervalued, they should use a portion of the proceeds from the asset sale (say $1B) to implement a large off-market buyback with any GCT tax payment converting to ITC's and then forming part of the off-market buyback. Nothing better than say a $10 per share distribution with full ITC's.
This is one way the tax effect is at the shareholder level not the corporate level.
Ann: Fourth Quarter FY24 Business Update, page-17
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Last
$19.90 |
Change
0.430(2.21%) |
Mkt cap ! $2.265B | |||
| Open | High | Low | Value | Volume |
| $19.54 | $19.90 | $19.50 | $3.266M | 165.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 290 | $19.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.90 | 633 | 5 |
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| Last trade - 11.46am 04/10/2024 (20 minute delay) ? |
| PPT (ASX) Chart |