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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$19.92 |
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Mkt cap ! $2.265B |
Open | High | Low | Value | Volume |
$19.54 | $19.95 | $19.50 | $3.796M | 192.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 847 | $19.92 |
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Price($) | Vol. | No. |
---|---|---|
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9 | 1296 | 19.910 |
11 | 2208 | 19.900 |
6 | 712 | 19.890 |
11 | 791 | 19.880 |
6 | 926 | 19.870 |
Price($) | Vol. | No. |
---|---|---|
19.930 | 265 | 3 |
19.940 | 714 | 5 |
19.950 | 1106 | 9 |
19.960 | 1106 | 8 |
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