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Thanks for the correction edshann :) I was trying to do the math...

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Abdi70

522 Posts.

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30/11/19

12:07

Post #: 41725171
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Originally posted by edshann: ↑

An excellent presentation, but Abdi70 how do you get earnings of 4.5 cps? We earnt 2.8cps last year. Assuming no change in depreciation and interest and 30% tax I get NPAT of around $5 million or 3.8cps. That still makes the shares cheap given the potential for upside from litigation receipts. I also think we need a dividend, though that depends on starting to generate more cash from operations than last year, or litigation receipts. We already have enough franking credits to pay 1 cps. We just need the cash!!

I assume the last point on slide 8 means any litigation receipts are taxable. We do have deferred tax assets of $2.6 million, but I assume we should start generating more franking credits if the settlement is large. Any accountants here that can clarify?

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Thanks for the correction edshann
I was trying to do the math in my head... I shouldn't do that anymore... old age

VMX Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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