Found this from the ATO
'The Trans-Tasman imputation measures allow a New Zealand (NZ) resident company to choose to enter the Australian imputation system and gain access to Australian franking credits. Primarily, this will be when a NZ company pays Australian income tax.'
As the NZ company tax is 28% and Aus is 30%, I'll assume A2M pays tax in NZ.
Maybe A2M got disillusioned with the last buy back raising the SP to $7 only to fall back to $4 when buy back finished.
Saying all this, they really need to benefit shareholders somehow with all that cash.
A2 votes yes to Bright Loan, page-57
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Last
$6.85 |
Change
0.000(0.00%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.88 | $6.90 | $6.78 | $7.886M | 1.152M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9718 | $6.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 6515 | 3 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |