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.
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Some lateral thinking ...If the ATO does not play ball and the...
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Last
$19.90 |
Change
0.430(2.21%) |
Mkt cap ! $2.276B |
Open | High | Low | Value | Volume |
$19.54 | $20.09 | $19.50 | $11.29M | 567.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1758 | $19.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.95 | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 19.810 |
1 | 500 | 19.750 |
2 | 1772 | 19.650 |
1 | 149 | 19.460 |
1 | 557 | 19.240 |
Price($) | Vol. | No. |
---|---|---|
19.990 | 600 | 1 |
20.010 | 659 | 1 |
20.020 | 379 | 1 |
20.040 | 525 | 2 |
20.050 | 100 | 1 |
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