Correct, franking credits come from income tax. Looking at the last annual report, I don't think there is any, and from experience if they do have some from somewhere they boast about it.
Looks like they do have some capital losses to offset the gains.
Imo the best outcome for shareholders is a capital return. That way, any moneys received by the shareholder reduces the capital base of the shares and is not treated as come. The reduction in cost base will be taken into account in the Captial Gains Tax calculation when the shares are sold.
CZR Price at posting:
23.5¢ 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)