If you look at the history of APAC controlled entities… they are more than happy to pay a dividend but only if it’s fully franked. This makes sense as why distribute something that will automatically lose 30% off it from the tax man versus buying an accretive investment or even your own stock.
Fortunately (or unfortunately) MLX sits on a truckload of tax losses and will not be in a tax paying position for some time (pending tin price).. so I don’t see a dividend any time soon.
Ann: Appendix 4D and Half Yearly Report and Accounts, page-6
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49.5¢ |
Change
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Mkt cap ! $443.8M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 50.0¢ | 47.3¢ | $1.594M | 3.257M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10749 | 49.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 309380 | 3 |
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