Whether you sell at now or take a payout unfranked it is still subject to tax at your marginal rate. But if you read the ann it talks about a Return of Captial, not a dividend. Regardless, for 90% of us there is no real profit and will be no tax burden. Thats why it's trading at 12.5c because it's worth at least 12.6c plus residual value (whatever that is). A small profit margin maybe, but if you have 42m shares (and climbing) it is worth a bit.
Ann: $81.6 million Blackspur Sale Settled, page-14
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $79.13M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.5¢ | $35.40K | 282.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 10947190 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 4570419 | 41 |
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| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
| CE1 (ASX) Chart |