No, was a genuine request, thought as much to how you managed to come up with that theoretical application, but just wanted to be sure. A couple of points though. Brokers often use this smoke and mirrors application in an attempt to overstate the real returns to holders, ie to include the franking component as part of the stock return to holders, and it is somewhat misleading to do so, as franking credits are solely a matter for each holder (individual or other entities) for ATO EOFY returns. Franking credits are available to most holders, but certainly not all eg overseas or foreign holders, non-compliant funds, and those subject to the 45-day rule.
Similarly, your highly selective comparison of holder returns with other high-performance stocks from a much different sectors, seems to exclude a total return comparison by way of capital growth (eg CBA in particular) and dividends. Not sure the banking sector holders are complaining too much over time with their total returns.
For what it may be worth, perhaps better for all holders to focus on our WDS investment (such as it may be) and its medium-term prospects than caught up with this increasing chatter to conjure up these creative but misleading comparisons.
WDS Price at posting:
$24.03 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)